SchoolMATE gets 'Chennai Funded'
Chennai Fund started by Charter members of TiE Chennai has invested in SchoolMATE. Over 70,000 Parents have been enjoying the services of SchoolMATE, benefiting with quick info about their child from their schools right on their mobile phones.
Tweet-- Double Dhamaka! Celebrations for the New year at the India based startupBridleIT (www.schoolmate.in) - with the "Chennai Fund"(www.chennaifund.com) playing the Santa Clause and funding the growth plans for SchoolMATE.
In an exciting business plan contest when angel investors of the 'Chennai Fund', started by Charter members of TiE Chennai Chapter, comprising Suresh Kalpathi (SSI, Aptech, Kalpathi Investments) , R Ramaraj (Sify, Sequoia), K B Chandrasekhar (e4e, Jamcracker), Gopal Srinivasan (TVS), Raghu Rajagopal (Energeate) and Ram Mohan (Afilias) – chose to invest in the education startup that offers SchoolMATE, the young spirited entrepreneurs Ravindra V and Hari Krishnan knew their focused efforts in simplifying technology and bringing it to the common man's hands(quite literally) were in the right direction.
The mobile focus that this young company believes in, has proved very true, with the company's flagship service SchoolMATE (CRM + ERP for Educational Institutes), a smash hit among Parents and Schools and Colleges of the state of Andhra Pradesh.
Over 70,000 Parents have been enjoying the services of SchoolMATE, benefiting with quick info about their child from their schools right on their mobile phones.
SchoolMATE is a two-way platform where Parents can as well interact with schools in a simple way. SchoolMATE is offered to the institutes as a Managed Service, with no upfront investment - reducing the operating costs for the institute, freeing up the staff and teachers from routine paperwork, and helping the top management get full informational control for key decision making in areas like student performance, teacher performance, analysis of financial information, staff payroll, timetable, attendance etc.
This simple SMS based service, along with the essential ERP benefits for the educational institutes is proving to be of great value to its customers.
In the large market of education and ubiquitous mobile phones, a service like SchoolMATE has a huge potential in a country like India. SchoolMATE, currently with 100+ employees in 2 cities, is launching the service in five new cities including Chennai and Bangalore, and aims to touch the lives of 7 million Parents across 55 cities in the next 5 years.
Raghu Rajagopal from Chennai Fund joins on the Board of Directors of the Company. SchoolMATE also has Chandrasekhar Kopparapu, VP - APAC, Foundry Networksas an Investor and Mentor.With the guidance of its board members, investors and mentors the young company is sure to scale greater heights.
Notes to Editor
Bridle is founded by a group of passionate and young graduates from BITS Pilani. SchoolMATE (www.schoolmate.in), the flagship offeringfrom the company, enables educational institutes to update Parents about their children through Mobile Phone, Internet and other media. SchoolMATEis also a comprehensive ERP solution for Schools, Colleges and Universities. Visit www.schoolmate.in for more details.
About Chennai Fund:
The Chennai Fund is a fund facilitated by the Charter members of TiE Chennai to help and encourage entrepreneurs in early stage funding and mentoring. The fund currently has 11 successful businessmen and professionals as investors. Visit www.chennaifund.com for details.