Investments, Startups

Michael & Susan Dell Foundation Backed IEIF Makes Investments in Indian Startups

India Educational Investment Fund (IEIF), an early stage impact investment fund focused on the educational sector, has announced its first two investments in Report Bee and Guru-G.

Report Bee is a cloud based deep learning platform for the education sector to measure and improve learning using data analytics. Guru-G a gamified platform for teachers and uses proprietary frameworks from education research and learning analytics to support teachers through an app.

The 2 year old startup Guru-G works with over 350 schools and plans to use the funds to expand its business in the school market as well as in the publishers market.

Report Bee’s platform is being used in 251 schools across Asia impacting more than 200,000 students and 10,000 teachers. The company is also working with global publishers and education boards to provide useful insights on learning impact. It will use the proceeds to accelerate product development and expand its footprint in domestic and international markets.

Established and funded by Michael & Susan Dell Foundation, IEIF is a US-based fund focused on making early-stage equity investments in education start-ups that support urban, low income families in India. Since 2014, the foundation has committed investments to Unitus Seed Fund and Menterra Social Impact Fund (being set up by Villgro).

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