WizIQ, an Indian provider of an online education platform, has raised $4m in Series B funding.
The round was led by Kaizen, an India-based education focused private equity fund along with Bertelsmann, the global media company based in Germany.
The company intends to use the capital to expand operations. As a part of the transaction, WizIQ is merging with authorSTREAM, a provider of an online platform that PowerPoint users around the world use to share presentation based content.
Led by Harman Singh, CEO and Founder, the company offers SaaS based virtual classroom software for teachers, trainers, colleges and universities, high schools, and training and tutoring centres around the world. WizIQ provides teachers with tools to deliver online education in online or blended learning formats, connect with students, share educational content, deliver live online classes and facilitate engaging learning experiences. WizIQ works on PCs, iPad and Android tablets and can be customized for languages such as Arabic and Hebrew and other 12 languages.
The platform is now used for online teaching in colleges like IIT Delhi in India, Atlantic University in Virginia Beach and Des Moines Area Community Colleges in Iowa, USA, and in companies like StudentNest in California, and TCY Online in India.
WizIQ is hiring in Mohali (India) and Boston, MA, USA (read here).