Online course creation platform, Knorish, has raised $1.1 million in a Pre-Series A round of funding. The round was led by Inflection Point Ventures and participation from Rockstud Capital, Pentathlon Ventures, and Prophetic Ventures syndicate. The latest round comes on the heels of a $323,000 round in June last year, bringing the total amount raised to $1.4 million.
Founded by Kinner N Sachdev and Rakhi Wadhwa in 2018, Knorish Frameworks Pvt. Ltd. enables coaches, instructors, and organizations build and launch online academies with sales funnels and automation. The software-as-a-service (SaaS) platform already supports over 22,000 academies across 200 domains and half a million monthly active users buying courses from over 37 countries in less than a year.
“Post-Covid, it is no longer just an option but a necessity, for anyone looking to build a course and reach out to its target segment, to be present online and be able to have the right tools to scale. Knorish has created a platform which not only helps in building one’s course online but also can sell it to its target audience and have all the analytics to review performance,” said Abhishek Agarwal, Managing Partner of Rockstud Capital.
Rockstud Capital is one of the hybrid funds in India that invests both in listed equity markets and startups. In the case of startups, it invests at Pre-Series A stage, focusing on sectors like enterprise-tech, fintech, health-tech, agri-tech, ed-tech, mobility, and consumer brands.
Kinner and Rakhi have led technology product launches for Fortune 500 companies and global education brands through their consulting company Scientist, active in the UK, the US and the Middle East.
“Coaches and instructors are good at teaching, but they struggle to sell. With Knorish’s Funnel builder, over 90 percent of content sellers can cross $1,000 within the first few months of launching their first funnel, said Kinner N Sachdev, Co-founder and CEO, Knorish.
The investment will empower the startup to create an advanced stack for building sales funnels and automation for Online academies.