Quiz-based learning edtech startup iChamp said it has raised an undisclosed amount in a pre-Series A funding round. It was led by Raju Shukla, chief executive officer at Singapore-based Ariana Investment Management.
Shukla has also been managing director and country head of investment bank Barclays Capital India. He is a founder member of Ashoka University. Other existing investors who participated in the round include Anuj Gupta and Mohit Agarwal, co-founders of real money poker gaming website adda52.com.
With the recent funds raised, the Gurugram-based startup plans to upgrade its technology and expand its product offerings. It also plans to diversify into more subjects and classes across various curricula in the coming months.