Edupreneur Tom Joseph backed Eduport via Luxembourg-based Verso Capital

New Delhi, June 11, 2024: Eduport, one of India’s fastest-growing startups in the educational technology sector, has successfully concluded its latest round of funding, which involved an undisclosed amount from edupreneur-cum-angel investor Dr. Tom M. Joseph. The Europe-based Verso Capital played a significant part in this initiative by connecting the two entities with similar objectives.

Eduport claims that this strategic infusion of funds will help them reinforce the tech infrastructure required to cater to the expanding base of students across geographies. Besides, the organisation will utilise a remarkable portion of this amount towards content creation and curation in multiple languages to overcome challenges for students from non-English mediums.

Dr. Tom M. Joseph, who sits on advisory and governing councils of numerous universities and professional bodies in and outside the country, seeks immense potential in the online platform to revolutionise entrance education and motivate students from diverse geographical, educational, and financial backgrounds to compete with other students in exams such as NEET, KEAM, CUET, and JEE with sound preparation and confidence.

On this investment initiative, Dr. Joseph said, “To make India a superpower in the field of education, first we have to address the urban-rural divide and must ensure quality education for all rather than just meeting the literacy goals. Indian students have tremendous potential, and with adequate facilities and guidance, we can transform them into a highly competent breed to lead the world on all fronts.

“I extend my heartfelt gratitude to Mr. Julien Machot, veteran ed-tech investor and founder of Verso Capital, a leading investment firm based out of Luxembourg, for guiding me with valuable insights throughout this drive,” Dr. Joseph added.

Through this investment, Dr. Tom Joseph has joined the board of Eduport, who is also the New Initiatives Director at Jain University; brings a wealth of experience and expertise to the table, positioning itself as a key player in fostering innovation and driving growth in the startup sector.

Founded in 2020 by Mr. Ajas Mohammed Jansher (NIT Alumni), Eduport is an edtech startup offering NEET, KEAM, CUET, and JEE classes both online and offline to thousands of students. Speaking on the latest round of funding, Mr. Jansher said, “This investment is a testament to the transformative potential of AI in education. Our goal is to empower students and teachers worldwide with intelligent tools that personalize the learning experience and unlock new possibilities for academic achievement. With the newly secured funds, Eduport plans to strengthen its technology infrastructure and further expand its reach into untapped markets.”

Echoing Mr. Jansher’s enthusiasm, Mr. Akshay Muralidharan, CEO of Eduport, said, “We are thrilled to partner with Dr. Tom M. Joseph and the advisory firm Verso Capital as we embark on this exciting new chapter.”