Total amount raised
$169.5 Thousands
Latest funding date
2/1/2023
Location
OLL has successfully navigated three funding rounds, attracting a diverse group of 14 investors, including notable names like Vineeta Singh and Peyush Bansal. The platform specializes in live experiential learning for trending 21st-century skills, taught by verified quality educators.
Despite the obfuscation of specific funding amounts and valuation, OLL's recent Seed round highlights its ongoing growth and potential in the EdTech space. Keep reading to explore the intricacies of OLL's fundraising journey and the investors backing this innovative platform.
What Is OLL?
OLL, also known as Online Live Learning, is a private company based in Mumbai, Maharashtra, India. It operates in the E-Learning, EdTech, Education, Marketplace, and Tutoring industries. The platform specializes in live experiential learning for trending 21st-century skills, taught by verified quality educators.
Founded in an unspecified year, OLL has a small team of 1-10 employees. Despite its modest size, the company has successfully raised funding through seed rounds, highlighting its growth potential in the EdTech space.
How Much Funding Has OLL Raised?
- Pre-Seed Round
- Amount Raised: USD 20,000
- Date: January 2022
- Lead Investors: EvolveX Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial platform and begin operations.
- Seed Round
- Amount Raised: INR 9,000,000 (approximately USD 115,000)
- Date: September 2022
- Lead Investors: EvolveX Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the school and teacher network across India and hire more talent.
- Seed Round
- Amount Raised: INR 3,000,000 (approximately USD 37,000)
- Date: February 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and enhance service offerings.
In total, OLL has raised USD 172,000. The current valuation is not publicly disclosed.
Key Investors
- Vineeta Singh
- Details: Vineeta Singh is a prominent entrepreneur and investor, known for her role as the co-founder and CEO of SUGAR Cosmetics. She has been a judge on the Indian reality TV show "Shark Tank India."
- Investment Focus Areas: Beauty, E-commerce, Startups
- Notable Investments: SUGAR Cosmetics, Skippi Ice Pops, Get-A-Whey
- Peyush Bansal
- Details: Peyush Bansal is the founder and CEO of Lenskart, one of India's leading eyewear companies. He is also a judge on "Shark Tank India."
- Investment Focus Areas: Eyewear, E-commerce, Technology
- Notable Investments: Lenskart, Feedo, Infeedo
- We Founder Circle
- Details: We Founder Circle is an early-stage startup investment platform that provides seed funding, mentorship, and networking opportunities to startups.
- Investment Focus Areas: EdTech, FinTech, HealthTech
- Notable Investments: Zypp Electric, Knorish, The Ayurveda Experience
- Gaurav VK Singhvi
- Details: Gaurav VK Singhvi is an angel investor and co-founder of We Founder Circle. He has a background in finance and has invested in various startups across different sectors.
- Investment Focus Areas: EdTech, FinTech, HealthTech
- Notable Investments: Zypp Electric, Knorish, The Ayurveda Experience
- Neeraj Tyagi
- Details: Neeraj Tyagi is an angel investor and co-founder of We Founder Circle. He has extensive experience in the startup ecosystem and has invested in multiple early-stage companies.
- Investment Focus Areas: EdTech, FinTech, HealthTech
- Notable Investments: Zypp Electric, Knorish, The Ayurveda Experience
What's Next for OLL?
OLL is poised to capitalize on the growing demand for skill development among younger students, particularly in India's tier 2 and 3 cities. With its focus on live experiential learning, the platform aims to expand its school and teacher network, offering courses in coding, robotics, arts, and more. This expansion presents a significant opportunity to tap into a market that is increasingly valuing soft skills and digital literacy.
As OLL scales, future fundraising rounds are likely, given the successful seed round and the platform's growth potential. However, the company will need to navigate a competitive landscape, differentiating itself from established players like White Hat Jr. The challenge will be to maintain quality while scaling and to continue innovating in a rapidly evolving EdTech sector.
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