New-age Scholarship Platform Super Scholar Raises $400k from Magic Fund, 2am VC & Others
Super Scholar, a new-age scholarship platform that aims to help students make their online courses more affordable, has raised $400,000 in a recent funding round.
Renowned investors such as MAGIC Fund, 2am VC, Astir VC, JITO Angel Network, and many others participated in the new funding round, according to a press statement.
Founded in 2019, Super Scholar is the brainchild of Rohan Lodha and Priyes Bamne. The platform was founded with a vision to make online courses affordable to every student. Considering that most students, though interested in taking online courses, can’t pursue it because of affordability factors, they decided to develop a solution. The platform works on a mission to provide students with the education they deserve through exclusive scholarships and grants. Currently, Super Scholar has more than 16,000 users on its platform and is projected to hit the milestone of 1 million users by the end of 2022.
Commenting on the funding, Rohan Lodha, Co-founder & Chief Executive Officer of Super Scholar, said in a statement,
“We are delighted to have raised first cheque from 100X.VC and close $400k follow-on funding. We started Super Scholar with a massive vision to make online courses accessible to every student in India and across the world and it’s time to execute now.”
With the recent funding, Super Scholar plans to strengthen its courses and scholarship offerings to ensure more students leverage the facilities and grants.
Ninad Karpe, Partner at 100X.VC, said,
“We are delighted to be the first institutional investor in Super Scholar, which has pioneered the concept of EdTech scholarships for Gen-Z students. Given that many brilliant students are looking for some way to support their studies without facing financial burdens, we strongly believe that Super Scholar can grow tremendously and become a leader in this space.”
Hershel Mehta, Co-founder & Partner at 2am VC, added,
“Super Scholar is aiming to solve a real pain point for Indian Gen Z learners. What got us excited was Super Scholar’s aim to help learners with their own self-learning discovery. We felt their mission aligns well with India’s Gen Z desire to shift away from a forced reactive type of learning to a personal and desired based proactive type of learning.”
Super Scholar is a part of 100X.VC’s Class 06 portfolio company.
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