Virtual reality startup iXRLabs raises $800K in a seed round

iXRLabs, a Virtual Reality (VR) edtech startup for higher education, has raised $800,000 in a seed funding round led by an angel investor from the infrastructure development industry.

The startup plans to use the raised capital for scaling up the product. Founded by Nihar Madkaiker, iXRLabs provides experiential and immersive VR educational modules in engineering, medicine, and sciences to universities and colleges.

The startup said it aims to aid higher education by empowering educators to create immersive and engaging learning experiences in the classroom and prepare students for the real-life workplace environment.

It plans to accelerate its virtual lab by developing more than 500+ VR modules across engineering, medical and science domains. 

Additionally, the Gurugram-based startup would also drive a greater focus on building advanced analytics within the product to drive measurable outcomes among students. Currently deployed at 20 institutions, It plans to scale it to over 200 institutes in the coming financial year.

Commenting on the funds raised, Mr. Nihar Madkaiker – Co-Founder of iXRLabs said, “As a mechanical engineer myself, I have seen the gap between theoretical learning and the practical application of the same. Practical lab sessions are often insufficient to bridge this. Moreover, industrial applications and tours are hard to conduct and require significant time and effort to visit. These challenges hamper learning and increase the industry-academia gap among students."

"iXRLabs VR platform allows students to conduct experiments inside a virtual lab, visit various industrial tours, visualize the processes, and explore life-size industrial equipment, at a fraction of the cost and from the safety of the classrooms," Nihar said.

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