Edutor Technologies raises Rs.2 crore
Hyderabad : By Ians
Edutor Technologies, a company serving the education market, has raised Rs.2 crore from Hyderabad Angels, a network of angel investors focused on early stage businesses.
"This strategic investment will further boost our efforts in delivering more innovations in the learning and education space," said Ram Gollamudi, chief executive of the technology firm.
Edutor Technologies develops and markets highly interactive learning platforms for touch devices like Tablets PCs or iPads. Their solutions, for K12 students, are designed to help improve their learning outcomes while aiding educational institutes in improving productivity and efficiency, said a statement by the Hyderabad-based company.
"The Indian education market is expected to touch $50 billion by 2015 and we see a huge market opportunity for Edutor Technologies in this space," said Sashi Reddi, founder of SRI Capital Fund and lead investor from Hyderabad Angels, who had put in Rs.1 crore.