{"id":1846,"date":"2020-02-05T13:16:00","date_gmt":"2020-02-05T13:16:00","guid":{"rendered":"https:\/\/www.embibe.com\/in-en\/?post_type=press_release&#038;p=1846"},"modified":"2024-10-08T04:56:18","modified_gmt":"2024-10-08T04:56:18","slug":"reliance-industries-invests-90-crores-in-edtech-startup-embibe","status":"publish","type":"press_release","link":"https:\/\/www.embibe.com\/in-en\/embibe-in-news\/reliance-industries-invests-90-crores-in-edtech-startup-embibe\/","title":{"rendered":"Reliance Industries Invests 90 Crores In Edtech Startup \u2018Embibe\u2019"},"content":{"rendered":"\n<p>Powered by AI, Edtech startup Embibe has raised funding of close to Rs 90 crores from Reliance Industries. The Bengaluru-based company had existing support from Reliance Industries when they had invested one rupee, which was equivalent to $180 million over a period of 3 years.<\/p>\n\n\n\n<p>This time around, they have been allocated a total of 8,99,198 cumulative compulsorily convertible preference (CCCP) at a premium of Rs. 1000 per share.<\/p>\n\n\n\n<p>The earlier transaction made by Reliance towards the Edtech startup was a huge investment in education and technology at that point in time.<\/p>\n\n\n\n<p>Embibe\u2019s mission statement is \u2018One Education. One Team\u2019 and aims to achieve this by creating a platform that makes use of data analytics and technology to provide personalised learning modules for students for better outcomes.<\/p>\n\n\n\n<p>With the help of AI, they provide personalised recommendations for better attempts, time management, etc.<\/p>\n\n\n\n<p>They work on trying to understand the students\u2019 weaknesses based on certain metrics which also include psychological factors such as confidence.<\/p>\n\n\n\n<p>Last year in December, Embibe had acquired a 90.5% stake in Funtoot, an e-learning products and services provider. This acquisition is expected to accelerate development initiatives for its platform; this was said in a statement made by the company.<\/p>\n","protected":false},"author":15,"featured_media":1847,"template":"","press_release-tag":[31,21],"press_release-archive":[24],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance Industries Invests 90 Crores In Edtech Startup \u2018Embibe\u2019<\/title>\n<meta name=\"description\" content=\"Already an investor in Edtech startup Embibe, Reliance industries has given them fresh funding of 89.91 crores.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.embibe.com\/in-en\/embibe-in-news\/reliance-industries-invests-90-crores-in-edtech-startup-embibe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Industries Invests 90 Crores In Edtech Startup \u2018Embibe\u2019\" \/>\n<meta property=\"og:description\" content=\"Already an investor in Edtech startup Embibe, Reliance industries has given them fresh funding of 89.91 crores.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.embibe.com\/in-en\/embibe-in-news\/reliance-industries-invests-90-crores-in-edtech-startup-embibe\/\" \/>\n<meta property=\"og:site_name\" content=\"EMBIBE - 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