Ed-Tech Startup by 17-year Old Dropout OLL Raises $115K in Seed Round from We Founder Circle
The Start-up is from first cohort of EvlolveX, Global Accelerator Programme by WFC
We Founder Circle (WFC), an early-stage start-up investment platform led by a global community of successful founders and strategic angels, has participated in the SEED round raised by Online Live Learning (OLL), an Ed-Tech start-up by 17 Year old student Shreyaan Daga from Mumbai. The USD 115K (INR 90 Lacs) worth of round was facilitated through EvolveX, Global accelerator programme by We Founder Circle. WFC has joined hands with many strategic angels to propel the start-up to new heights and simultaneously help it gain a competitive edge in the Ed-tech industry.
OLL is a marketplace for enthusiastic teachers and eager students. The start-up was founded by 2 students Shreyaan Daga and Koshika Mahajan carry the same passion to revolutionize and create a community for the education sector. The platform enables teachers to expand their expertise, and students can easily enrol to expand their knowledge bank.
The Ed-tech start-up has secured an amount of INR 90 lakhs in the current seed round, bringing its total funding to INR 1.1 crores since inception. The seed round was backed strongly by successful angel investors and leaders including Gaurav VK Singhvi, Neeraj Tyagi, Bhawna Bhatnagar, Sandeep Balaji, Mili Shrivastava, Deepesh Hinduja, Monica Gupta, Rahul Hingmire, Milan Modi, Harsh Metha, Manan S Patel, and more.,
“We Founder Circle is always dedicated to providing new routes of mentorship and assistance to early-stage businesses. We invested in OLL since they displayed the ambition required to establish a high growth company. The educational system may be altered in a significant way, providing considerable benefits to society if OLL succeeds. Therefore, we will be assisting them in all phases of development including business strategy, community building and connecting with skilled and right set of business mentors,” said, Bhawna Bhatnagar, Co-Founder, We Founder Circle.
“Having WFC as a strategic investing partner is wonderful news for the OLL team and subscribers. We’re confident that this investment will pay off and contribute to our business traction while helping us scale quickly. Our business model already yields a GM of 70%, and with such strategic angels on board, we intend to put our ambition on the wise route to success. We clearly aim to witness over 50% year-on-year growth,” said Shreyaan Daga, Co-Founder, Online Live Learning (OLL).
The brand plans to utilise funds to Scale the school and teacher network pan India. A part of the investment will also be directed to talent acquisition.
About We Founder Circle
Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders & strategic angels that have come together to push the start-up industry and steer it towards aggressive growth. WFC invests USD 50K- USD 2Mn amount in early-stage start-ups that are fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to start-ups as it believes early-stage start-ups need a lot beyond just financial support to become scalable and stable. It has already enabled USD 12 mn worth of investments across 33 start-up deals in the year 2021 alone and invested in 56 startups since incorporation.
OLL allows students to pursue their interests in fields such as Technology (Coding, Robotics), Arts, Languages, Lifeskills (Public Speaking) and 100+ more options. All of the courses offered by OLL are live interactive and have been internationally certified by organisations such as STEM and UNESCO. OLL targets students from 1st – 10th grade in Tier 2 and 3 cities as the demand for skill development is extremely high in this age group. The founder Shreyaan Daga is a 17 Yr old and has dropped out of formal education after the 10th grade to pursue his dream of upskilling 1 billion people through OLL.
- Twitter Debates Over ‘Work Husbands & Wives’ In Wake Of ‘GMA’ Scandal December 2, 2022
- Social Media Found Lydia MacNair’s Family In Less Than 10 Hours December 2, 2022
- Parimatch App in India Review | 2022 December 2, 2022
- Man Survives After Falling Off Carnival Cruise Ship And Literally Swimming With Sharks For Almost 20 Hours December 2, 2022
- German Christmas Cookies (Lebkuchen Recipe aka German Gingerbread) December 2, 2022