Invact Metaversity has raised a seed funding of $5 Million. The round was led by Antler India alongside other global institutional investors like Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital and 2am VC.
Earlier, this month, the AI-based ed-tech platform raised $33 Mn from Kishore Biyani of Future Group, ex-Infosys Director T. V Mohandas Pai, Innov8 Founder Ritesh Malik and the former Facebook MD Kirthiga Reddy along with some others.
The platform has been developed by the former Head of Twitter India Manish Maheswari. According to a report carried out by Business Standard, Manish said, “Metaverse is a concept that stands at a cusp where it will be a lead factor in transforming the educational landscape. We will use this investment to bolster the product and technology team for the Metaversity platform, build a virtual-first curriculum and expand into Europe and the US.”
The concept of Metaversity is to offer a real-time learning experience via virtual devices. Unlike other virtual communication platforms, this also offers students the facilities to form communities for group discussions.