Edtech startup Vedantu has invested $2 million in Instasolv, a doubt-solving app for high school students and for IITJEE, and NEET aspirants along with full rights to acquire the app. Vedantu’s investment is a part of Instasolv’s pre-series A funding round.
This is Vedantu’s first investment in an EdTech company and will strengthen its focus in the doubt-solving space, where doubts are solved by quality teachers in a chat format.
Instasolv is a startup focused on doubt-solving category and helps students to resolve doubts instantly with a focus on grades 6 to 12 and students aspiring for IIT JEE and NEET. Students can take a photo of a question and get instant answers within a few seconds from the app. Currently, it has 7 million question and answers (Q&As) and it answers almost 100,000 questions on a daily basis.
Mr. Chander Sawhney
Partner & Head-Valuation and Biz Modeling