Virtual reality edtech startup iXRLabs raises $800K seed investment - Entrackr

Virtual world edtech startup iXRLabs has secured $800,000 successful effect backing led by an angel capitalist from the infrastructure improvement industry.

The proceeds volition beryllium deployed for scaling up the product, iXRLabs said successful a property release.

Founded by Nihar Madkaiker, iXRLabs provides  engineering, medicine, and science-focused experiential and immersive VR acquisition modules to universities and colleges. The level aims to make immersive and engaging learning experiences successful the schoolroom and hole students for the real-life workplace environment. The institution claims to person worked with institutions specified arsenic IITs, IIMs, NIDs, and organisations specified arsenic KPMG, L&T, PwC, E&Y, Adani Group and others.

iXRLabs says its modules are presently deployed astatine 20 institutions and plans to standard it to implicit 200 institutes successful the coming fiscal year. It besides plans to make much than 500 VR modules by adjacent year.

The startup  aims to instrumentality the merchandise to implicit 1000 colleges to scope implicit a cardinal students by 2025.

Disclaimer: Bareback Media has precocious raised backing from a radical of investors. Some of the investors whitethorn straight oregon indirectly beryllium progressive successful a competing concern oregon mightiness beryllium associated with different companies we mightiness constitute about. This shall, however, not power our reporting oregon sum successful immoderate mode whatsoever. You whitethorn find a database of our investors here.