India’s Hybrid Education Startup K2 Secures Angel Funding

The pendulum between traditional classroom learning and purely digital continues to swing back and forth, and a new class of startups is looking to identify and scale the best parts of both extremes.

K2 Learning Resources (India) Pvt Ltd. is a hybrid education startup based in Bangalore, India. The startup, founded by in 2010, which primarily focuses on commerce education, recently secured INR 8 crore, or about $1.3 million, in angel funding from Radheshyam Agarwal, founder and director of Calcutta Tube India, in his personal capacity, according to Media Ventures.

The startup intends to use funding primarily for content development, acquisitions and setting up ‘Tab Labs’ in more than 100 colleges in the country. The startup would provide the colleges with specialized tablets with pre-loaded data relevant to any commerce student.

“We have spent enough time, energy and money in developing content in various formats. We are also in the process of setting up Tab Labs for the coming academic year and should be working with about 100 colleges for the academic year 2014-15,” K2 Learning Founder and Chief Executive Officer (CEO) Sripal Jain said.

K2 Learning will offer courses in a number of formats that include online, physical coaching, on tablets and through books and test series, among other media.

“As we are a training institute, we also develop, review and upgrade a lot of in-house content relevant to the subject. We have a dedicated team which makes sure the content is not only as per guiding rules of PU board, but is also creative so as to reach out to our clients and students,” Jain added.

More than 3,000 students have received training from K2 Learning already.

Indian education reform is bringing lucrative opportunities to technology companies in areas like Gurgaon, India. The demand is growing for enterprise resource planning (ERP) software in educational institutions in India. According to industry experts forecast, the companies providing software and ERP to educational institutions are expected to see 13%-15% growth in the next four years.

In developing countries like India, technology is triggering a social revolution in the educational and health care sectors that companies are eager to assist with. India wants to take advantage of technology to spur education in the remote areas of the country and to forge stronger connections with institutions elsewhere. To put a foreign education within reach for more of India’s students, Indian universities are promoting ‘twinning’ courses that allow students to complete the first two years of their education at a local institution, and the rest at a university at institutions in countries like Britain, Australia and the United States.