# Gapspasm Technology Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gapspasm-technology-solutions-private

- Industry: Software
- Headquarters: New Delhi, India
- Website: www.ingeniumedu.com
- Total disclosed funding: $0.4M
- Latest round: Series A (Jul 7, 2022)
- Investors on record: 6

## About

Gapspasm Technology Solutions Private Limited is a technology company focused on transforming education through an innovative Software as a Service (SaaS) platform that supports online learning and administrative capabilities for educators.Founded in 2018 in New Delhi, India, Gapspasm Technology Solutions specializes in providing educational technology solutions. The company was co-founded by Aakash Gupta, Mohit Patel, and Pramudit Somvanshi. In July 2022, the firm successfully raised INR 10.81 million in a Series A funding round from Lead Angels and other individual investors, which contributed to the total capital raised amounting to INR 10.81 million. The company has completed three funding deals to date and currently holds a valuation of INR 226.68 million.Ingenium Education, a brand under Gapspasm Technology Solutions, offers a customizable SaaS platform designed to facilitate the transition from traditional to online education. The platform includes features for conducting live classes, recording lectures, and utilizing digital whiteboards, catering to coaching institutes and individual educators. With over 10,000 teachers and 500,000 students across 80 cities in India, Ingenium enhances the educational process through tools for attendance tracking, parent notifications, and online payment transactions.In the fiscal year 2022, Gapspasm Technology Solutions reported revenue of INR 14,527.3 million. The company's direct-to-consumer model allows educators to monetize their services directly through the platform, avoiding commission fees. The revenue structure is based on payments from students for various offerings, including video courses and test series, simplifying the financial interactions for educators.Looking ahead, Gapspasm Technology Solutions is focused on expanding its product offerings and geographic presence. Following the recent Series A funding in July 2022, the company aims to enhance its platform and explore new markets beyond India. Specific plans for new product launches and the targeted regions for expansion will be detailed as the company progresses in its strategic initiatives.

## Funding rounds

- Series A, Jul 7, 2022, $0.1M — Lead Invest
- Series A, Apr 13, 2021, $0.2M — Indian Angel Network, Lead Invest, Neev Angel Advisors, India Accelerator, Faad Network, Hem Securities Ltd.
- Series A, Mar 7, 2020, $0.1M — Indian Angel Network

## Investors

- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A
- Lead Invest (https://capitalatlas.ai/funds/lead-invest) — Series A
- Neev Angel Advisors — Series A
- India Accelerator (https://capitalatlas.ai/funds/india-accelerator) — Series A
- Faad Network (https://capitalatlas.ai/funds/faad-network) — Series A
- Hem Securities Ltd. — Series A