Ed Tech Startup Rubix Raises $1 Million Fund
Pune-based ed-tech startup Rubix108 Technologies has secured $1 million (about Rs 6 crore) in a pre-Series A funding round led by Polaris Fund.
Ayush Kankariya, a high-net-worth individual and financial services expert, also participated in the round.
The startup will use the funds to acquire customers, on board more schools, and will enter foreign markets such as Malaysia, Indonesia, Sri Lanka, and the Middle East.
Manish Harodia, co-founder and chief executive of Rubix108 Technologies said “The funds will be used to prune the product and augurs well for the huge demand we are witnessing from international clients. We aim to treble the customer base this year and increase the top-line ten times. Proactively identifying solutions to make educational institutions more productive is one of our key drivers”.
Founded in 2015, Rubix offers educational institutions an app to manage their communications and administration requirements. The Rubix app comes in two versions—Rubix Total connects institutes and parents and keeps the latter up to date on exams, schedules, attendance, homework, etc. Rubix Teacher helps teachers plan their work and integrates their activities on a single platform.
The company claims to have over 3 lakh students on its platform along with over 10,000 teachers using the app.