Bengaluru-based educational video technology startup, Impartus Innovations has raised series A funding from private investment firm Kaizen, as per a VCCircle report. The company was started in 2013 by three IIT Delhi graduates Amit Mahensaria, Manish Kumar and Alok Choudhary, Impartus is into video-based educational services. It records regular class lectures in a multi-view mode and then uses technology to make it interactive for users to access it later.
Besides this the company also offers add-ons such as post-editing and customisable analytics and reports. The services are offered in two models: as per first model Impartus invests and owns the infrastructure/hardware, and institute pays a recurring fee for availing the services. And, as per the second model, the institute buys and owns the infrastructure/hardware and the company provides system integration, software and maintainance services to the institute.
The firm claims to have 40 institutes as clients and everyday over 15,000 students are using its solution on their own devices. It has an annual revenue run rate of close to USD 1 million and had recently made partnership with Pearson India for education related services. Impartus’s clients include IIM-Bangalore; SP Jain, Mumbai, Shiv Nadar Group, Manipal Group and Podar International.