Thursday, July 16, 2020
The Chennai Angels Fund uFony a Interactive Platform on Smartphones - School Diary
uFony Services Pvt. Ltd., the Pune-based Ed-Tech company, has raised funding from The Chennai Angels & other independent investors for School Diary®, an interactive platform that brings education to smartphones. School Diary® is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without compromising on privacy.
It is an integrated virtual classroom with online teaching, virtual PTMs, instant academic and non-academic updates, and even an online store where parents can shop for school products. The platform also has an administrator interface to collect online payments, automate accounting, manage transport, track live busses, monitor driver/staff behavior, manage payroll, inventory & accounts, and much more.
Running profitably for the last 3 (three) years, uFony is a leading player in the K12 Education space. The company provides SAAS solutions to 1000+ educational institutes including colleges, schools, coaching, pre-schools, and daycares across 10+ countries. Post-COVID, uFony aims to bring about a change in traditional teaching methods and make them more compatible for the future.
“School Diary® is being leveraged by Schools across Asia, Africa, Europe, and South America. It is generating interest from a lot of School Districts in the USA,” said Ashish Chaturvedi, Founder of uFony Services Pvt. Ltd. “With smartphone penetration on the rise and digital learning to gain acceptance, we expect more and more schools in the USA and other countries to sign up for School Diary®. Our recent raise is to enhance our digital presence and enroll business partners to scale up quickly in the international market.”
The education industry is rapidly changing to adapt to an unstable situation. “The great thing about Ufony is its constant efforts to rediscover themselves and to provide greater value to their existing customers. By providing new features constantly, Ufony unfolds new ways of using its services at little or no extra cost and certainly with minimal efforts,” said R. Narayanan (Naru), the Investment Director. “Take for example its latest feature of video. With the mere addition of a tripod on which the cellphone can be perched, the teacher is able to instantly include an ailing child who is unable to attend class. Just at the press of two or three buttons on a phone, the sick child is transported right into the class where they can view their teachers and friends as well. Great application to a video conferencing function. Even greater addition to School Diary®’s functionality.”
Chandran Krishnan, CEO of The Chennai Angels says, “The traditional education system that schools followed pre-COVID has led to a disruption in studies for students across the globe. Platforms like School Diary® have paved the way for education to be advanced, accessible, and most of all fun. Students seem to enjoy the idea of online classes, a trend that might become essential in the near future. We are excited to see the growth of School Diary®, which brings school to students’ smartphones.”
Established in November 2007, The Chennai Angels (TCA) is one of the leading angel networks in India. TCA is sector and geography agnostic, and has made 52 investments till date, with a 20% exit track record, in enterprise solutions, consumer products, education, healthcare, automotive, gaming and other sectors. TCA is a member-driven network with 100+ successful industry leaders, technocrats, and business professionals in its network.