News Flash
Xprep gets backing from Facebook, will receive $40,000 worth of credits and services
Indian edtech firm Xprep gets backing from Facebook for its tutor enablement platform. The startup has been chosen by Facebook for its global programme – FBStart – designed to help early stage mobile start-ups. Xprep will receive $40,000 worth of credits and services from Facebook and its partners including AWS, Dropbox, Adobe and MailChimp. Along with this, the company will also receive exclusive access to a community of developers and mentorship from the Menlo Park headquartered team of FB engineers.
Founded in September 2015, Xprep aims to be the platform filling the gap within the tutor-parent community. Their value addition is to establish a continual and seamless engagement within student-parent-tutuor ecosystem. It helps tutors scale their business and serve their batches more efficiently while allowing parents to monitor their child’s progress during the course of tuition.
Using the app’s automated techniques, tutors can send out announcements, conduct quizzes and notify their classes. Xprep also equips the tutors with transparent communication with the parents while also helping in conducting students in the classroom.
The company has managed to acquire a base of more than 100 tutors and 6,000+ students across Delhi NCR and is planning to soon expand to other cities as well. It was also one of the finalists of this year’s Unitus Seed Fund and Sylvant Advisors’ StartEdu programme.
Mukul Rustagi, CEO, XPrep, commented, “There lies a huge opportunity in supplementing the assistance based offline education system using online technologies. We have to provide the kids with the best of both worlds. Paying customers are a testimony to our product and we aim to build better going ahead. FBStart is going to help us achieve this goal faster.” He further added, “FBStart will help us bring down our technology costs considerably. This money can then be redirected to our marketing and team building activities which will, in turn, help us embark on a higher growth trajectory.”