After a recent investment round from over 70 entrepreneurs from India and overseas, former Twitter India head Manish Maheshwari’s edtech platform Invact Metaversity has raised $5 million from global VCs, which includes Arkam Ventures and Antler from India, Picus Capital from Germany, M Venture Partners from Singapore, BECO Capital from Dubai and 2am VC from the US among others.
This investment comes close on the heels of a cross-section of global entrepreneurs posing their faith in this cutting-edge start-up that brings the advantages of metaverse to the world of education, seeding it at a valuation of $33 million.
“Metaverse is a concept that stands at a cusp where it will be the lead factor in transforming the educational landscape. We will use this investment to bolster the product and technology team for the Metaversity platform, build a virtual-first curriculum and expand into Europe and the US,” Manish Maheshwari, founder and CEO of Invact Metaversity said.
Founded by Manish Maheshwari and Tanay Pratap, Invact Metaversity aims to build a virtual university town with multiple colleges. The university is being built in the metaverse to foster an immersive environment conducive to learning.
Leveraging the unique opportunities Metaverse has to offer, Maheshwari’s Invact Metaversity is focused on building the world’s first 3D immersive virtual learning platform. It allows students to communicate with their teachers via animated avatars regardless of their physical location.
Enabling students to hang out together in virtual spaces facilitates peer-to-peer learning and adds a community layer missing in online learning thus far.
“I’ve always believed that education, rather than being a privilege, should be a right. Our vision at Metaversity is to democratize education and provide high-quality learning at an affordable cost. I am grateful that such well-known names are helping us on our journey,” founder and CTO Tanay Pratap said.