Antler India, Picus Capital (Germany), M Venture Partners (Singapore), BECO Capital (Dubai) and 2amVC (US) also invested in the round, valuing the startup at $33 million.
Founded by Manish Maheshwari, the former head of Twitter India, and Tanay Pratap, Invact Metaversity is being built on the metaverse to foster an immersive environment conducive to learning, the company said in a statement.
The startup has also raised capital from over 70 individuals such as Balaji Srinivasan, former chief technology officer of Coinbase; Nithin Kamath, cofounder of Zerodha; and Kunal Bahl, founder of Snapdeal.
Maheshwari, who is also its CEO, 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.”
Antler India, one of the investors, plans to infuse $100-$150 million in more than 100 Indian startups over the next three years.
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