Oust Labs receives seed funding from Mohandas Pai
Krithika Krishnamurthy, ET Bureau Feb 2, 2016, 04.00AM IST
(Oust Labs, an edtech startup,…)
BENGALURU: Oust Labs, an edtech startup whose gamified platform helps students excel in Indian competitive exams, has raised an undisclosed seed round from T.V.Mohandas Pai, chairman of Manipal Global Education Services and Aarin Capital.
Founded by Shrikant Latkar in California, the company has been running trials of its app in smaller cities of Karnataka since Aug 2015.
“Our goal is to help students to qualify for a better college or job, irrespective of where they are studying right now,” said CEO Latkar, who formerly served as the chief marketing officer at mobile ad network InMobi.
Oust has a total repository of 1.25 Lakh questions across physics, chemistry, maths, and biology subjects, curated by teachers and organized into modules. Students — over 7,000 of them currrently — play short 2-minute quizzes that consist of 5 questions on various subjects on their mobile devices., much like the popular app Quiz Up.
For PUC I and II, Oust has over 30,000 multiple choice questions (including past question papers) for the Karnataka Common Entrance Examination. The product is also available for CBSE, AIPMT, COMEDK and Maharashtra CET exams. The company has a presence in California, Bangalore, Belagavi and Pune.
“While the challenge of delivering relevant and high—quality online content is being solved by a number of very promising ventures all over the world, there exists a larger fundamental challenge to engage and retain students’ attention on a constantly evolving paradigm of mobile and social,” said T.V. Mohandas Pai.
Students play with their peers across India, and instantly track their performance on real time leaderboards and see where they stand.
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.