INSTARTO acted as an exclusive Financial Advisor to Dhurina in relation to the transaction.
New Delhi, 23 December 2021: The rapidly expanding E-learning platform, Dhurina, has recently concluded its second round of funding and has raised USD 1.2 million led by RVCF and other investors like LetsVenture, RBD Publication, India Accelerator, Precision Startup Advisory, and Pai Ventures.
The company commits that the freshly infused funds will be deployed towards technological enhancements, aggressive business growth, expansion in the company size, and improving the product’s functionality for students.
Within 2 years of the launch, the company has been able to reach the milestone of 2.5 million downloads and aiming to achieve 10 Mn USD revenue by FY-23 with a user base of 10 Mn+. With a team of 150+ experienced educators of the country, Dhurina offers 350+ courses for 100+ state level competitive exam categories (including some of the central-level exams) along with various skill-development courses. It provides Live Classes, recorded lectures, PDF notes, Test Series, Doubt sessions and short videos for instant revision.
It has previously raised $ 135000 funding from prominent investors like Chandigarh Angels Network and Modulor Capital, and with the current round, the total investment raised stands at $1.3 million.
Commenting on this fund raising, Sachin Sardana, Co-Founder and COO, Dhurina said, “The recently concluded round of funding will allow us to leverage the opportunity to expand to other big states of the country and deliver quality education to students at nominal prices. We intend to cater to the exponentially growing market of E-learners in India, who need a platform to prepare for their dream jobs. With these funds, we will now consolidate our position and spread to other big states of the country. Apart from expanding the company’s market at PAN-India level, we also plan to invest the funds in employee’s growth, scaling platform infrastructure and enhancing the product’s features.”
Commenting on the same, Mr. Ravi Mathur, Vice President of RVCF said, “We are fortunate to be part in the journey of Dhurina to bring the changes in the education system for the unprivileged and Tier-III students, which is the need of the hour. Their motive serves out to be the standout operator in the Digital Bharat era. We have witnessed their explosive growth in their startup journey of two years and we are delighted to back Dhurina as they march towards success.”
Ayush Dadhich, Co-Founder and CEO, and Shubham Sharma, from Instarto (Exclusive Financial Advisor to Dhurina) said, “Dhurina is changing the way how aspirants used to study for the state level government exams. It is a clear testament to the team and their strong value proposition that Dhurina has scaled to become a market leader in this niche category. Edtech space in the county right now is booming and due to all the valid reasons, given by its mass impact nature.”