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New round of Angel funding: DEXL the beneficiary
By Eureka Bharali, SiliconIndia
Jaipur: Another round of Angel investment and the next beneficiary is DEXL Education, an institute that prepares students for examinations such as the IIT-JEE at all levels. On the first look, the course designs are a replica of FIITJEE. But it has a wider reach. "The target for DEXL is not only the English medium, rather also the ones with a Hindi educational background. They allow writing the exams in both Hindi as well as English. Currently, only 5-6 percent of the institutes allow exams to be written in vernacular language," says Anil Joshi of Mumbai Angels, who is the Board Observer for DEXL, after the funding. Infact, 1.5 lakh students took DSAT at around 500 centres in 2010.
The company has raised over $1 million (
4.6 crores) from Mumbai Angels Joshi, Alok Agarwal, Ajit Surana, Anand Ladsariya and Nilesh Shah. The main attraction, which has played the key role in most of the fundings in 2010, was the experienced team. Dr. P.K. Sharma, DEXL's Founder Chairman has 20 years of teaching experience to his credit and the team of Mumbai Angels joining in, it would definitely try to capture the market from the likes of FIITJEE. Shah, one of the Angels was the former Managing Director of FIITJEE.
The biggest issue that any institute can fail in is the phenomena of 'faculty substitution' as the students lose the faith on the course. "The company has set across a proper training period for the faculties and hence, ensures minimization of the chaos of a new substitute," says Joshi. He himself as a student had faced similar situations of faculty attrition and the substitute being unable to keep up to the benchmark.
The company with the fund further plans to expand its infrastructure, the team and marketing. "Our confidence strengthened as within the time frame of the completion of the funding process, from June to November, the company had expanded from 4 centers to 14 centers," Joshi asserts.
4.6 crores) from Mumbai Angels Joshi, Alok Agarwal, Ajit Surana, Anand Ladsariya and Nilesh Shah. The main attraction, which has played the key role in most of the fundings in 2010, was the experienced team. Dr. P.K. Sharma, DEXL's Founder Chairman has 20 years of teaching experience to his credit and the team of Mumbai Angels joining in, it would definitely try to capture the market from the likes of FIITJEE. Shah, one of the Angels was the former Managing Director of FIITJEE.
The biggest issue that any institute can fail in is the phenomena of 'faculty substitution' as the students lose the faith on the course. "The company has set across a proper training period for the faculties and hence, ensures minimization of the chaos of a new substitute," says Joshi. He himself as a student had faced similar situations of faculty attrition and the substitute being unable to keep up to the benchmark.
The company with the fund further plans to expand its infrastructure, the team and marketing. "Our confidence strengthened as within the time frame of the completion of the funding process, from June to November, the company had expanded from 4 centers to 14 centers," Joshi asserts.
