Tyke Invest has contributed Rs 1.3 crore to edtech company Melvano.
The IIT Madras-backed firm received seed investment from seasoned angel investors in April 2021 prior to this round.
According to a press release from the firm, Melvano intends to join the market for upskilling in March of this year with the launch of a new product called Skillbary.
Melvano, an AI-based learning platform for competitive examinations like the IIT-JEE, NEET, and CUET, was founded by Taran Singh. Moreover, it would offer real-world assignments, internships, and a job guarantee after a completed course. Its simulated interviews assist students in preparing.
Melvano was developed at IIT Madras’ Nirmaan Incubation Cell and received the Sri Chinmay Deodhar Award for its creative quality. The business has raised Rs 4 crore so far, and it is in discussions with venture capital companies to raise further money for growth.