TutorVista receives $2 million from Sequoia Capital
Tuesday, June 13, 2006 8:29:33 AM
TutorVista, a leading online tutoring and test preparation company, has secured a funding of $2 million from Sequoia Capital India and other angel investors. The funding is expected to help TutorVista expand operations in US and bring affordable high-quality education to more students globally.
“This funding will allow us to expand our operations to support the growing demand for online tutoring and test preparation,” Krishnan Ganesh, CEO, TutorVista, has been quoted by TMCnet as saying.
K P Balaraj, partner, Sequoia Capital, has said, “The founders (of TutorVista) have an ambitious vision of making assisted learning and test preparation services significantly more affordable by leveraging the internet as a distribution and learning medium. As the leading investor in internet and mobile consumer services companies in India, we look forward to working closely with Ganesh and his team to build a great franchise in education services."
TutorVista's mission is to provide world class tutoring and high-quality content to students around the world. TutorVista is the premier online destination for affordable education-anytime, anywhere, in any subject. Students access TutorVista from the convenience of their home or in school and use TutorVista's comprehensive lessons and question bank to master any subject with access to a live tutor around the clock. The TutorVista idea: help students to excel in school and at competitive examinations. The management team consists of professionals from education, training and Internet fields whose expertise spans eLearning, instructional design, technology-based learning, professional services management, and Internet technologies. For more information, go to www.tutorvista.com.