Gamified Edtech Startup Oust Raises Seed Round of Funding
Edtech startup Oust Labs, has raised seed round of funding from T.V.Mohandas Pai and Aarin Capital. The financial details of the investment have not been disclosed.
Founded by former chief marketing officer of InMobi, Shrikant Latkar, Oust Labs offers a gamified platform that helps students excel in Indian competitive exams. It has been running trials of its app in smaller cities of Karnataka since August last year. The company has presence in California, Bangalore, Belagavi and Pune.
Commenting on the development, Latkar said, “Our goal is to help students to qualify for a better college or job, irrespective of where they are studying right now.”
Oust claims to have a total repository of 125,000 questions across various subjects including physics, chemistry and maths. It also claims that over 7,000 student currently play their short 2-minute quizzes that consist of five questions on various subjects on their mobile devices.
The company advisors include Paulette Altmaier, former head of partnerships at Khan Academy, Gurmeet Lamba, VP of Engineering of Sentient Technologies (an artificial intelligence company) and Venkatesh Venkataraman, entrepreneur and architect who has worked at several startups and large companies including Cisco Systems and Netflix.