Dr. Vinay Jain of Witty Group of Institutions has invested an undisclosed amount in Mumbai-based edtech startup Ednovate in a Series A fundraising round.
Other angel investors in the round were Ajay Sarupria and Kaushik Mehta.
The new funds will be utilised to grow the company’s operations in India and around the world. In the next three to four years, it hopes to establish a pan-India presence.
Ednovate is an online learning platform for commerce and CA (Chartered Accountants) students that was founded in 2021 by Dhawal Purohit, Karan Sheth, Sagar Vora, Ashish Shah, and Rahul Modi. Classroom coaching, recorded pen drive lectures, crash courses, exam series, and mentorship programmes are some of the ways it provides education. It now has four locations in Mumbai.