Andhra University students' startup Edumoon valued at Rs 3 crore
Edumoon, an ed-tech firm founded by two Andhra University students, was valued at Rs. 3 crore in the Chunauti 2.0 startup competition. Cross-border innovation fund, Pontaq, has agreed to invest 20 lakh in Edumoon. Edumoon, an ed-tech firm founded by two Andhra University students in the first wave of Covid-19 in 2020, has been selected and valued at 3 crore in the Chunauti 2.0 startup challenge hosted by the Software Technology Parks of India. As a result of this, Pontaq, a UK-based cross-border innovation fund that invests in early-stage digital enterprises, has agreed to invest 20 lakh in Edumoon. The education business advanced to the seed fundraising phase of the Chunauti 2.0 startup contest after competing against around 3,000 other startups from throughout the country. The Covid-19 epidemic has had far-reaching consequences for humanity. But Edumoon's founders, Kapuganti Vikas and Ponnada Mahidar, have transformed hardship into opportunity. When the...