Technium Labs Gets Financial Boost From Seedfund For Its E-Learning Platform Called LurnQ

Mumbai based Technium Labs has managed to get seed funding from Venture Capital firm Seedfund.

Though the exact quantum of investment is unknown yet, the company will utilize the same to develop additional products & augment technical & creative staff. Seedfund, as the name suggests, usually chooses to invest in companies who are just starting to take shape. Technium has developed a web-based e-learning platform called LurnQ. Interestingly, while others are developing content that can be sold or licensed, Technium’s LurnQ offers the same & more, for free. Users need to only register & they get complete & unrestricted access to myriad topics like advertising, art, books, branding, creative writing, current affairs, economics, education, Java programming etc.

E-learning as a platform, offers immense potential. The infrastructure though slow to develop, is slowly beginning to take shape. While internet connection still needs to be fast, robust & reliable, newer technologies like 4G, mobile broadband, DTH, TV & smartphone applications, are ensuring that education tools reach even the remotest corners of our country.

Founded by graduates from prestigious institutes like IIT-B & Delhi University, Tarun Mitra, Rajshekhar Ratrey, Ramesh Nidadavolu and Devvrat Arya seem to have a desire to further expand the reach of this fast evolving medium. With the amount of information at the disposal of subscribers, the team seems to have hit upon a novel idea of collating & organizing information into specific categories. This should truly help anyone looking for definitive information on any topic of his or her choice. However, with the likes of Wikipedia & Britannica, already engaged in similar endeavors, the adoption rate will depend on how long will the company keep the collected information free & how quickly & frequently is the same updated.

Additionally the company has ensured there are learning tools for both, the student as well as the teacher. If it can come up with some monetization strategy by introducing advertisements, it can easily achieve financial as well customer growth while still keeping the platform free to access. What are your thoughts?

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