Ed-tech startup Invact Metaversity seed-funded by 70+ global entrepreneurs; valued at $33 million


    Marquee investors across sectors and geographies invest in metaverse based ed-tech platform

    SAN FRANCISCO and BANGALORE, India, Feb. 7, 2022 /PRNewswire/ -- More than 70 top global corporate leaders and founders of unicorns have come together to fund Invact Metaversity, a cutting-edge start-up at the intersection of education and metaverse. Invact Metaversity has been at the forefront in working on the Metaverse concept which has been increasingly in the limelight over the past few months for the potential that it has in transforming new age business ventures from education to entertainment.

    Manish Maheshwari and Tanay Pratap
    Manish Maheshwari and Tanay Pratap

    The tech world has been abuzz with mentions of Metaverse and investors across the globe scouting for opportunities to invest in this future of tech. Known to bring in a convergence of two ideas that have been around for many years: virtual reality and digital second life, Invact Metaversity is working towards bringing the benefits of this emerging concept to the world of education.

    People who have believed in the company's vision and invested in it include global leaders from Microsoft, Meta (previously, Facebook), Coinbase, Google, Twitter, Uber, Amazon, Softbank, World Bank, Ford Foundation, Qatar Foundation, McKinsey, Spotify, GoJek, LinkedIn, Notion, Disney and many more.

    Top business leaders & educators also joined the round which included Kishore Biyani (Future Group), T.V. Mohandas Pai (Manipal Global Education), Dr. Ritesh Malik (Plaksha), and Kirthiga Reddy (former Facebook India head).

    The list also includes impressive new-age entrepreneurs from top startups like Zilingo, Zerodha, Razorpay, Sheroes, Snapdeal, Koo, CARS24, Bounce, Leap Finance, Suki, etc.

    Commenting on the fundraise Manish Maheshwari, Founder & CEO -  Invact Metaversity, said, "I am overwhelmed by the faith that the investors have shown in our company's vision to make education available to everyone immersively at a price they can afford." 

    Speaking of the seed funding, Tanay Pratap, Founder & CTO, said, "The hardware is cheaper, the network is ubiquitous, and the world is getting ready for a more immersive experience in work and otherwise. Education is ripe to be disrupted with Invact Metaversity."

    With virtual lives playing an equally important role as physical realities, the idea of Metaverse would dominate all aspects of living. Invact Metaversity is clearly a fast-emerging leader in the Metaverse world and with more than 70 tech and entrepreneurial brains associated with it, is all set to rule the ed-tech space in the future.

    Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
    PR Newswire is the premier global provider of news release distribution and multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry since 1954, PR Newswire today provides end-to-end solutions to produce, optimize and target content – from rich media to online video to multimedia – and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a Cision company.

    RELATED NEWS