Hyderabad Angels invests 2Cr in Edutor Technologies
| November 22,2012 11:33 pm IST
Edutor Technologies an innovative technology company serving the global education market has raised 2Cr from Hyderabad Angels, a network of Angel investors focused on early stage businesses. The strategic investment was led by Sashi Reddi, a serial entrepreneur with Rs.
1Cr and other reputed personalities from industry and education field.
Edutor Technologies develops and markets highly interactive learning platforms for touch devices like Tablets PCs or iPads. Their solutions, for K12 students, are designed to help improve their learning outcomes while aiding Educational Institutes in improving productivity and efficiency.
Ram Gollamudi CEO, Edutor Technologies, said, 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.
Sashi Reddi, founder of SRI Capital Fund and the lead investor from Hyderabad Angels Network who invested in the city based start up, said, '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.'