NPrep Secures $1.5 Million in Seed Funding from Lumikai and Other Investors

NPrep Raises $1.5 Million Seed Funding Led by Lumikai

Date: March 11, 2024

Key Highlights:

• NPrep, an AI-powered, video-first learning platform, has raised $1.5 million in seed funding led by Lumikai, a venture capital firm focused on interactive media, digital platforms, and games.
• The round also saw participation from existing investor All In Capital, Velo Partners, DSP Group Family Office, and angel investors including Viren Shetty, Executive Vice Chairman of Narayana Health.

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Funding Utilization:

The funds raised will be used by NPrep to deepen its AI capabilities, reach nurses at scale, and empower them to secure high-paying opportunities in India and around the world.

Platform Overview:

NPrep is an AI-powered education platform designed for nursing students and professionals, helping them prepare for nursing entrance examinations and global healthcare careers. The platform offers:

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• Over 1,400 hours of exam-aligned original video content
• Personalized study plans
• AI-driven guidance

Key Statistics:

• Over 1 lakh users are utilizing NPrep within 10 months
• Over 6 million minutes of video content consumed
• 31 million questions answered on the platform

Lumikai's Investment Thesis:

Lumikai has invested in NPrep as part of its focus on interactive learning platforms with AI-led learning paths to deliver real-world impact. This is Lumikai's third investment in the interactive learning space, following Supernova and Vobble.

Market Opportunity:

The investment in NPrep aligns with Lumikai's thesis of backing founders building interactive platforms with AI-led learning paths to deliver real-world impact. As India emerges as a critical supplier of global healthcare talent, outcome-linked preparation platforms cater to an uncapped, structural opportunity to generate high-value careers in the global economy.