Studentink is raising an undisclosed amount in a seed round led by We Founder Circle

Studentink, an EdTech startup that aims to bridge the gap created between physical and virtual learning, has raised an undisclosed amount in seed funding led by early stage investment platform We Founder Circle (WFC).

WFC has partnered with several strategic angels to help the startup strengthen its operational efficiency while participating in a round of investment. Funding was provided through EvolveX, the global accelerator program of We Founder Circle.

Studentink, a corporate entity of JaynikEduserve Private Limited, is an educational online platform that facilitates the all-round development of students beyond the four walls of school. The startup started by NiharSheth, Jayraj Jadeja and Kevin Ritter has engaged 300+ schools, 6000+ educators and more than 160,000 users, with an average engagement time of 22 minutes spent by students from 14 states in India. By incorporating the knowledge and understanding of students with the help of schools and teachers around the world, Student Ink has prepared more than 600 courses in the B2C segment, helping teachers save more than a million hours of manual work.

On Studentinka, students can access selected content from a variety of educators, including videos, notes, and reference material. They also earn reward points through various gamified events. Using the platform, educators can gain recognition among their target audience nationally and academies can reach their target audience to increase enrolment.

Commenting on the raised funds, NiharSheth, co-founder and CEO of Studentink, He said,

“We sincerely appreciate the faith of our main investor WFC and all other investors in our model and concept. The investment will pay off and contribute to the hyper growth of our business, allowing us to scale our platform faster. Our business model is already profitable, and with such strategic angels we intend to realize our ambition to disrupt the industry at an accelerated pace.”

With the funds, Studentink intends to accelerate the involvement of more students and teachers, while increasing revenue streams. It plans to use 42% of the funds in sales and marketing, 30% in development and hosting, 15% in operations and 13% in support.

Gaurav VK Singhvi, co-founder of We Founder Circle said,

“Given the growing demand for EdTech education and Studentinka’s potential to be a major disruptor, we are excited to have invested in the start-up and pledge to support its mission to transform the education sector in India. Also, at WFC we are committed to revitalizing funding for Indian EdTech startups, especially at a time when investors have a lot of fear of a slowdown.”

We Founder Circle is a global community of successful founders and strategic angels who have come together to encourage the startup industry and steer it towards aggressive growth. It invests US$50,000 – US$2 million in early-stage startups driven by ambition, sustainability and a strategic approach. WFC believes that early-stage startups need much more than financial support to become scalable and stable, so it provides seed funding, business development and global networking opportunities. The company has facilitated $12 million worth of investments in 33 startups in 2021 alone and has invested in 56 startups since inception in 2020.

about the author

Author: Stjepan Soulunii

Stjepan Soulunii

I’m not a student anymore, but I like to learn. He is not a teacher, but he cares about how students are taught. I’m not an educator, but I want everyone to be educated. I’m not a social worker, but I want to see change. I am not a reformer, but I always want to see a better world. The author believes that only healthy education can bring a better future, a better world, and technology can help achieve a lot in this field.

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