Qriyo Infolabs, providing number of courses focused on fitness and learning under a single umbrella, has raised $160,000 in seed funding from early stage venture capital firm, Idein Ventures. It is currently active in Jodhpur and is in the process of expansion to Mumbai and Bangalore.
Founded by IIT Bombay alumni duo Mudit Jain, with 4 years of working experience with MNCs like Finmechanics and PWC, and serial entrepreneur Rishabh Jain, Qriyo is a platform for courses by freelance instructors (at customer’s home) in the field of extracurricular, academics, co-curricular and fitness. The company also provides places for classes (under the name of Qriyo Activity Center).
Its upcoming Android and iOS App provides options for customization of courses, instructor replacement, group discovery, and progress meter. The startup aims to provide employment opportunity to skilled individuals in their respective domains.
Currently, the company has a 7 member team and plans to use the raised funds for further developing technology, marketing and expansion.
Idein Ventures was founded by UAE based global investor and technopreneur Rajeshwar Prasad, and US based private equity investor Mahesh Vellaboyina, and India based serial entrepreneur Ashwin Srivasatava. Srivastava shall join Qriyo’s board of Directors as part of the investment deal.