India-based online learning platform Vlurn has announced that the startup has raised an undisclosed amount of seed funding from Vidyadhar Sarfare, CEO of the Accord Group.
Vlurn plans to use the funding to hire new staff, support its technical team and develop a mobile app to bring its online courses to more interested learners. The company will also use part of the funds for marketing and advertising Vlurn's offerings, Deal Curry says.
Vlurn.com is the provider of about 50 fee-based online courses in Finance, IT, Math and Science, Arts and Music as well as courses tailored for entrance exam studying students, The Tech Portal says.
The online platform currently offers three free courses on Finance subjects too including "How Private Equity Funds Make Money," and the "CFA ® Level I – Derivatives" class. Co-founder of Vlurn Mithil Pawar said of the startup's goals and what differentiates Vlurn from other MOOC platforms that:
"Vlurn wants to become a go-to place, for anyone who wants to learn from the best trainers in India. It is not a marketplace for buying and selling of courses but it is an integrated platform where learners search and choose courses based on their requirements and then undertake them in a collaborative manner with fellow learners," Tech Story reports
Vlurn lets interested students speak with Vlurn counselors to help them choose the right course. Through the interactive online courses, students can participate in online discussion forums, interact with fellow students and instructors, complete course assignments and participate in other activities including quizzes.
The investor, Vidyadhar Sarafare, (MD & CEO Accord Group) said about his decision to fund Vlurn:
"We feel that there are a lot of competitive niches in the overall learning market and we backed Vlurn to focus on offering video based training of some top notch trainers in India."
The Accord Group CEO added that the growing demand for online learning due to the increase of Internet and smartphone adoption in India makes Vlurn's target market large. According to a press release, Vlurn said that there is an unprecedentedly growing demand for high quality online learning material, considering that there are more than 500 million people in India interested in education and other related services. At the same time, India has the top growth rate in terms of self-paced digital learning adoption.
India's online learning demand is second to the US. By 2022, India will have a shortage of 250 million skilled workers while its online education market is expected to double from $20 billion in 2015 to $40 billion in just two years to meet this demand, according to the Economic Times.
Some of the courses on offer include a program for Oracle SQL Developers, the PMP Certification course, several Vedic Math courses in English and Hindi, Finance Modeling classes, the IFRS for Professionals class, and Tally ERP 9.
Some of Vlurn's courses are in English and some in Hindi. Enrolled students can rate the courses and teachers upon course completion to help the Vlurn system highlight the best trainers and courses.