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Edtech OLL Raises Rs 30 Lakh From Shark Tank India Season 2

OLL is an initiative by 18-year-old Shreyaan, helping students with 600 new-age skills related to blockchain, cryptocurrency, robotics

Edtech OLL Raises Rs 30 Lakh From Shark Tank India Season 2
Shreyaan Daga, co-founder and chief executive officer of OLL
Linked In
POSTED ON February 03, 2023 11:24 AM

Edtech start-up OLL raised Rs 30 lakhs from Peyush Bansal, chief executive officer (CEO) of Lenskart and Vineeta Singh, CEO of SUGAR Cosmetics in its seed round of fundraising. The fundraiser will help the company expand its services to more cities and hence help it achieve newer heights in the edtech industry. 

Around 88 per cent of students in India are unable to learn skills, which are the most necessary in today’s times. Today’s job market is more driven by technical skills and constant upgradation of these skills, for further growth and progress in career. 

However, the education system is yet upgraded to help students with vocational skills. OLL is aims to bridge the gap by introducing technical skills to students across the country. 

Using technology as an integrator, OLL has reportedly reached out to 36,000 students across India and counting. It is said that more than 2,000 teachers have joined the OLL bandwagon to help students with skills related to technology, finances, robotics, fintech, coding, public speaking and courses in multiple languages. The start-up innovated by 18-year-old, school dropout, Shreyaan Daga, co-founder and CEO of OLL.

“Our business model already yields a GM of 73 per cent, and with such strategic investors on board, we aim to witness 200 per cent year-on-year growth. With the fundraising, we will invest more in expanding our services across the country; hiring talent across the board and adding more skills to our education system. Our model aims at reaching out to school-level students from 1st- 10th-grade kids in tier II, III cities and beyond. And with the fundraising, we will invest in expanding our footprint to more and more such smaller cities,” Shreyaan Daga, co-founder and CEO of OLL. 

“There is a lot of talent and hard-working people in the smaller cities of the country. However, there is still a huge dearth of opportunities and platforms. With OLL, we want to give the platform and create the right opportunities for students, so that they can prepare themselves with the necessary skills at the right age and accordingly choose their career path. We have conducted around 5,0000 classes and counting at an accelerated pace,” he further added. 

The edtech start-up has secured an amount of Rs 30 lakhs post this round of funding, bringing its total funding to Rs 1.23 crores since inception. The company was earlier seed funded by successful angel investors and leaders including Gaurav VK Singhvi, Neeraj Tyagi, Bhawna Bhatnagar, Sandeep Balaji, Monica Gupta and eight more angels.

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