Melvano, an edtech startup incubated at IIT Madras, announced recently that it has secured Rs 1.3 crore from Tyke Invest to expand its upskilling platform, Skillbary.
The new platform will provide a fresh opportunity for the company to expand its reach and cater to a wider audience, leveraging Melvano’s expertise in personalized coursework and incentivized learning to create a comprehensive upskilling experience.
Founded in 2018 by Taran Singh and Sachin Sanodiya, Melvano’s learning app provides tailored coursework for students preparing for IIT-JEE and NEET exams, based on their individual assessments.
Melvano has introduced an incentive system for its students, rewarding them with Melvano coins for completing coursework or tests on its learning app. As students accumulate these coins, they can be exchanged for premium services like live classes and personalized mentorship from IIT alumni. This encourages students to engage more deeply with the app and provides added value to Melvano’s offerings.