The Hyderabad based startup Edutor Technologies raises Rs. 2 crore in angel round of funding from Hyderabad Angels, a network of Angel investors focused on early stage businesses. The investment was led by Sashi Reddi, a serial entrepreneur with Rs. 1 crore and others from the industry and education field. Edutor Technologies was founded in 2009 by IIT/IIM Alumni and it designs, develops, and markets technology-based educational products. The company provides platforms for developers of multi-media educational content for learners.
Ram Gollamudi, CEO, Edutor Technologies, said that the company believe in the power of personal learning and is constantly focused on developing products that deliver engaging and effective learning experiences. "We believe in the power of personal learning and are constantly focused on developing products that deliver engaging and effective learning experiences. This strategic investment will further boost our efforts in delivering more innovations in the learning and education space," says Gollamudi. He has over 14 years of experience in technology. He has worked in multiple technology companies as an engineer as well as an investor. He holds an MBA from University of California, Los Angeles; an MS from Iowa State University and a B.Tech from IIT Madras.
According to Sashi Reddi, "Edutor Technologies is a technology start-up with a vision to create products for Indian Education Market. Use of Edutor products will enable children to improve their understanding, increasing their learning, boosting their confidence and help them perform better. The Indian Education Market is expected to touch 50 billion USD by 2015 and thus we see a huge market opportunity for Edutor Technologies in this space."
Hyderabad Angels is an angel network backed by the Indus Entrepreneurs. It makes early stage investments while providing close mentoring services and inputs on strategy and execution.