K-12 / Education / EdTech

ConVeGenius

Date

2021

Sectors

Education

Deal Type

Capital Raise

Deal Location

India

LoEstro advises ConVeGenius on its US$5.0 Mn Pre-Series A fund raise led by BAce Capital, Heritas Capital, 3Lines Venture Capital

ConVeGenius is an EdTech social enterprise founded by Jairaj Bhattacharya and Shashank Pandey in 2013. It partners with state governments, CSRs, NGOs and schools to create sustainable educational impact in the K-12 space across India. The company aims to fill in the learning gap at the bottom of the pyramid through their affordable adaptive technological solutions and bridge programs

Process

LoEstro was the exclusive financial advisor to the team of ConVeGenius

Outcome

LoEstro helped ConVeGenius in raising funds for US$5 Mn Pre-Series A round led by investors such as BAce Capital, Heritas Capital, 3Lines Venture Capital, as well as the company’s current investor, the Michael and Susan Dell Foundation. The company planned to use the raised funds to expand the current products on the WhatsApp Ecosystem and transit to Progressive Website Application to serve more customers across a variety of industry verticals and enable developers to introduce their products on the platform