New Delhi: There is new Indian movement in the field of education technology. Arivihan, a startup that is based on AI, allegedly is negotiating approximately 10 to 12 million dollars as new financing. Such financing will assist the company in the potential to grow its AI-driven learning platform in India and even more abroad.
Arivihan is concentrated on the personalised learning based on AI. This implies that the platform examines the performance of a student and later alters lessons according to the strengths and weaknesses. As an example, when a student has difficulties with mathematics, the system provides him with more of practice questions and easier explanations.
Such a funding discussion is being perceived as a good one after the slowness that the edtech industry experienced over the last year. Investors are currently approaching money lending to startups with caution. They are also concentrating on good technology and actual deliverables rather than just expanding the marketing.
In case the funding round is successful, Arivihan will enhance its technology, recruit more engineers and educators, and form agreements with schools and coaching institutes. The company can also venture in new subjects and exam preparation categories.
Analysts reckon that AI will have a significant implication in educational history. Classrooms of the traditional system are not always able to provide individual attention to each student. An example is the use of AI tools to create personalised learning assistance by closing the divide.
Nevertheless, there is an intense rivalry in the edtech market. The industry has had financial battles that many startups are attempting to recover. The discussions about funding of Arivihan indicate that investors remain confident about innovative solutions to education and in particular by way of highly advanced technology.
Provided the success, this investment may become another growth stage of AI-based learning startups in India.
