Questt, a school homework app, announced it has raised INR 9.6 crore in a seed funding round led by technology Venture Capital funds advisor Chiratae Ventures.
AET Fund and angel investors including Kunal Bahl and Rohit Bansal (Founders of Snapdeal), Pranay Gupta (Founder of 91 Springboard), Harshil Mathur and Shashank Kumar (Founders of Razorpay), Ramakant Sahrama (LivSpace), and First Cheque also participated in the round.
Founded in 2019 by Akhil Singh, Mohsin and Rohit Pande, Questt’s mobile application lets teachers assign homework from its existing question banks and create digital homework for students of class 6 to 10. It also provides a detailed set of analytics of a student’s response to help them improve their performance and teachers design more effective lesson plans.
Questt has built a remarkable product that automates homework assessment for teachers, saving 90% of their time. For students, the app gamifies the mundane tasks of solving homework questions and in the process records thousands of data points. The startup claims its platform is currently being used by over 40 schools across the country.
Talking about the company, the founders of Questt said in a statement,
“All over the world, teachers invest a huge amount of time in creating and evaluating answer-sheets. The output of this process is a score/grade for a student that has no real insights. These processes that do not factor in the advancements in tech that have happened over the last decade need to be reinvented. The current system asks teachers and students to invest a huge amount of time without yielding significant output and this is what we are trying to solve at Questt. We are building an Education Data Stack to empower teachers with deep insights that allow for a more customized and effective learning experience. With the new investors coming on board, we are excited to grow under their mentorship and guidance.”
The startup plans to use the fresh capital to increase its user base, add more features to its app, and hire more people.
Venkatesh Peddi, Partner at Chiratae Ventures, said,
“Questt is targeting the multi-billion-dollar EdTech industry with its unique offering for students and teachers by introducing tech innovation to make learning and education more meaningful in the post-pandemic world. Akhil and the team have built a fabulous product with an easy-to-use interface allowing access to educators and learners pan India. We are looking forward to seeing the team grow and achieve great things in the near future.”
Questt is looking to include all post-kindergarten grades in the coming months and its target is to onboard over 3 million students by the end of 2021.