Habitat has raised Rs 5 crore in seed funding
Habitat, an ed-tech platform for civil servant aspirants, said that it has raised Rs 5 crore ($676,700) in its seed round of funding.
The startup raised funds from impact investment firm Unitus Ventures and Whiteboard Capital. A sector-agnostic venture capital firm started by FreeCharge co-founder Sandeep Tandon, Habitat said in a statement.
Habitat CEO Rohit Pande said the startup would use the funds to strengthen its team and upgrade its technology.
Habitat, operated by Apeirogon Technologies Pvt Ltd, was founded in 2016 by Pande and Shikhar Sachan. The startup aims to address the gap in enabling social learning for people preparing for administrative examinations using machine learning and natural language processing.
The startup says it currently serves information-heavy exam segments conducted by the Union Public Service Commission (UPSC), State Provincial Civil Services (PCS), and the Reserve Bank of India (RBI). It aims to enter the concept-heavy competitive exam segment such as Joint Entrance Examination (JEE) and pre-medical test (PMT).
The startup offers these courses in Hindi and English and aims to add other languages as well. It said it has more than 10,000 subscribers. About 60% of the registered users of Habitat are from Tier-II and Tier-III cities, it added.
