ERP Software startup I-CampusBuddy has raised $500,000 in funding from Chennai-based fintech startup IppoPay. According to IppoPay, the investment will help them launch a distribution network for its financial products in schools and colleges.
I-CampusBuddy, engages and collaborates with schools, colleges, universities and training institutes to automate processes and achieve digital transformation.
The platform also offers end-to-end solutions through a comprehensive set of modules, such as, CRM, finance, academics, communication, collaboration, productivity, e-learning, assessment and asset management.
Arun Solanki, Founder of I-CampusBuddy said, “Our goal is to make campuses paperless, faceless, cashless by providing academicians and operations team with right information at the right time to reduce repetition and errors, increase productive time for core tasks, and spend less time on operational and administrative concerns. Collaborating with IppoPay will definitely be a step forward in achieving our goal since collection and payments are the most time-consuming areas of operation for any institute. IppoPay’s participation as a strategic investor is greatly appreciated.”
I-CampusBuddy has one of the best product suites focused on large educational institutions in the country today driving fees of over Rs.1000 Cr. They will use the funds to expand their product-suite to go deeper beyond enterprises and target smaller schools and education institutions.
Ramprashanth Ganesan, CSO of IppoPay, said, “We see immense potential in Arun’s business. Moreover, it aligns with our goal to provide a verticalized infrastructure product for the edtech sector. The education payments space is an area we are actively evaluating and seeking to enhance the capabilities of educational institutions by offering ERP and payments collection services to schools and colleges. We predict that demographics and rising affordability will drive consumption in this sector which has been traditionally very close to the heart of Indian families.”
Source @Indianstartupnews
