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Indian Angels Fund E-Education Startup, Aurus
Indian Angel Network has chosen to invest in Cloud Based Software as a Service (SaaS) company Aurus Network Infotech Pvt. Ltd. The seed funding roung was jointly participated by IAN members Padmaja Ruparel, Saumya Meattle, Sharad Sharma and Ajai Chowdhry & the money will be utilized to setup a Research & Development (R&D) center. The exact quantum of investment has not been disclosed.
Cloud computing, especially in the field of education is witnessing a lot of upcoming companies. Not just SMEs, but telecom operators, Direct To Home (DTH) service providers etc. Even global tech giants like Microsoft & others have shown eagerness to get involved in this lucrative field.
So what makes Aurus different? While other companies are involved in multiple channels of imparting education, Aurus seems to have set its eyes on capturing live lectures & later publishing them via cloud-based distribution network. Additionally, its unique video creation, management and distribution techniques allow it to beam its content over mediocre internet connection too says Agarwal, “A slow network doesn’t really compromise the video quality”. In technical terms, the videos will work without interruption even on connection speeds as slow as 75 kbps to 2 mbps. A while ago we had seen how Dhingana had come up with versatile music streaming app that dynamically adjusted the bitrate to offer uninterrupted music listening experience. Aurus could have done something similar for their videos.
With such techniques, Aurus has rightly targeted Tier 3 & 4 cities where internet connection & penetration is comparatively low. Additionally, the company sees a lot of potential in the African market as well. Interestingly, what started with fund of mere Rs. 10,000 (US$ 200) is already profitable & Aurus has set its eyes on crossing Rs. 1.5 Crores (US$ 200,000) in revenue by next year.
Do you feel education via cloud computing is as effective as live sessions?
Image Courtesy | aurusnet
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2012-09-06 03:34:25
Source: http://www.watblog.com/2012/09/06/indian-angels-fund-e-education-startup-aurus/
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