Total amount raised
₹596 Millions
Latest funding date
10/01/2021
Location
Questt has successfully raised funds through multiple rounds, with notable investors including AET Fund, First Cheque, Celesta Capital, and Premji Invest. The company focuses on providing AI-driven educational technology solutions, enhancing the learning experience for students and teachers alike.
Keep reading to explore the intricacies of Questt's fundraising journey and the investors backing this innovative platform.
What Is Questt?
Questt, founded in 2019, is an innovative company based in Gurgaon, Haryana, India. The company was established by Akhil Singh, Mohsin Singh, and Rohit Pande. It operates in the e-learning and education industry, focusing on enhancing the educational experience through AI-driven solutions.
With a team of 51-100 employees, Questt offers a homework app that automates homework assessment for teachers and gamifies assignments for students. Their products include AI Personalized Study Plans, Handwritten Notes, Detailed Reports, and a premium Study Coach service, among others.
How Much Funding Has Questt Raised?
- Seed Round
- Amount Raised: $1.35 million
- Date: March 2021
- Lead Investors: Chiratae Ventures, AET Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The initial funding was likely used to develop the platform and begin scaling its user base.
- Series A Round
- Amount Raised: $6.75 million
- Date: October 2021
- Lead Investors: Celesta Capital, Premji Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds from this round are intended to build deep-tech capabilities and increase the user base of Questt.
Total Amount Raised: $8.1 million. Current Valuation: Not publicly disclosed.
Key Investors
- Celesta Capital
- Details: Celesta Capital is a venture capital firm that invests in technology-driven companies. They focus on innovation and high-growth sectors.
- Investment Focus Areas: Technology, healthcare, high-growth sectors
- Notable Investments: Not publicly disclosed
- Premji Invest
- Details: Premji Invest is the investment arm of Azim Premji's endowment and philanthropic initiatives. They focus on long-term investments across various sectors.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Not publicly disclosed
- AET Fund
- Details: AET Fund is a venture capital fund that focuses on early-stage technology startups. They aim to support innovative and disruptive companies.
- Investment Focus Areas: Early-stage technology startups
- Notable Investments: Not publicly disclosed
- Chiratae Ventures
- Details: Chiratae Ventures is a venture capital firm that invests in early to growth-stage technology companies. They have a strong focus on the Indian market.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Not publicly disclosed
- MarsShot Ventures
- Details: MarsShot Ventures is a venture capital firm that invests in early-stage startups with innovative solutions. They aim to support high-growth potential companies.
- Investment Focus Areas: Early-stage startups, innovative solutions
- Notable Investments: Not publicly disclosed
What's Next for Questt?
Questt is poised to capitalize on the burgeoning edtech market, with opportunities to expand its user base and enhance its deep-tech capabilities. The company aims to transform learning for over 260 million students and empower nine million teachers in India. By leveraging AI for predictive and adaptive learning, Questt can significantly improve educational outcomes and efficiency.
Future fundraising opportunities appear promising, given the rapid growth of the edtech sector and Questt's successful Series A round. The company may attract further investment to support its ambitious plans, including international expansion into Southeast Asia and the Middle East. However, challenges such as scaling the platform, ensuring data privacy, and competing with other edtech firms remain.
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