# Butterfly Innovations Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/butterfly-innovations-pvt

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.collpoll.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Aug 9, 2021)
- Investors on record: 1

## About

Butterfly Innovations Pvt. Ltd. is a Bangalore-based technology firm specializing in AI-driven educational solutions that enhance operational efficiency and drive digital transformation in higher education institutions.Founded in 2013 in Bangalore, India, Butterfly Innovations Pvt. Ltd. focuses on developing innovative technology solutions for the education sector. The company has executed 5 deals, with the most recent funding round being a Seed round in August 2021 where it raised INR 159.981 mn from Prime Venture Partners. The total amount raised by the company stands at INR 159.981 mn, and its current valuation is INR 677.654 mn. Hemant Sahal serves as both the founder and CEO and has a background that underlines his commitment to transformative educational technology.Butterfly Innovations Pvt. Ltd. primarily offers DigiiAI, an AI platform designed to improve educational experiences in higher education institutions. This integrated solution aids in operational efficiency, digital transformation, and data-driven decision-making. Additionally, the company provides Digiiacademy, which focuses on capacity-building programs for the successful adoption of advanced technologies. With over 150 institutions digitized and more than 200,000 users, the company addresses challenges like administrative efficiency and student engagement.For the year 2023, Butterfly Innovations Pvt. Ltd. reported a revenue of INR 844,381.30. However, the company experienced an EBITDA of INR -729,663.20 in the same year, indicating operational challenges amid its growth trajectory.Butterfly Innovations Pvt. Ltd. aims to leverage its latest Seed funding round, completed in August 2021, to improve its platform and accelerate hiring. The company is focused on developing new educational solutions and plans to expand its market presence across various regions. Specific markets targeted for expansion have yet to be disclosed, but the strategy includes enhancing engagement through initiatives like events recognizing excellence in digital transformation.

## Funding rounds

- Seed, Aug 9, 2021, $2.2M — Prime Venture Partners

## Investors

- Prime Venture Partners (https://capitalatlas.ai/funds/prime-venture-partners) — Seed