Kris Gopalakrishnan invests in education start-up Avagmah
Bangalore: Avagmah, an education start-up, on Wednesday said it received an undisclosed investment from Infosys co-founder Kris Gopalakrishnan and Atul Nishar, founder of consulting services firm Hexaware Technologies.
The news was first reported by the Times of India.
The Bengaluru-based firm, which has so far raised $5 million from investors such as Lionrock Capital, serial entrepreneur Ganesh Krishnan and Neeraj Bhargava, said it would use the investment to enhance its technology and in customer acquisition.
“Universities and top tier institutions have to adopt technology to provide access to quality education to millions of working professionals and students in urban and remote India, which would then address the demand-supply gap of skilled talent. I see great potential in startups like Avagmah which can bring in positive disruption in our education system through technology,” Gopalakrishnan said in a statement.
Avagmah provides managed services to universities including digital marketing technology, course-management technology and technology for managing admissions and administration.