Edtech startup ImaginXP raises $1.5 Million in pre-Series A funding

- By Economic Times 

Edtech startup ImaginXP has raised $1.5 million in a pre-Series A funding round led by Venture Catalysts along with participation of angel investors Shashank Deshpande, Krish Kupatjil, Samyakth Capital and others.

The funding is aimed at accelerating both offline and online degree programmes.
 

ImaginXP is a "virtual university platform" that helps universities provide degree programmes and certification courses. The company provides B.Des (Bachelor of Design), M.Des (Master of Design), BBA, MBA, BSc and BTech degrees, in partnership with universities.

The Pune-based company was started by Shishir Kumar and Shashank Shwet in 2013.

“The impressive hold over the higher education market led us to partner with the team,” Anuj Golecha, co-founder at Venture Catalysts, said.

“ImaginXP is partnering with universities to give them access to a world-class curriculum with an industry-partnered delivery model." said Shishir Kumar, director general at ImaginXP. “We aim at making our partners feature in the top 500 universities of the world…Our test of time was during the pandemic when the traditional university model got disrupted. We quickly scaled up our digital platform MyCoach to provide for-credit courses to the universities and engage the students on their behalf."