Foradian Tech raises $2m from FabIndia

Tags: News
Foradian Technologies, provider of enterprise software solutions for education industry, raised $2 million funding from William Bissell, MD of Fabindia. It will use the funds to add more features to its school and campus management system Fedena and also take it to new markets.

Fedena is used by more than 40,000 plus schools and colleges and has around 20 million users worldwide. It can be used to manage students, teachers, employees, courses and all systems and processes related to running an education institution, according to Unni Koroth, CEO of Foradian Technologies .

Adoption of Fedena in educational institutions has grown over the last few years and the funding will allow it to expand its team, improve the product and scale for future growth, he said.

“Educational institutions are increasingly becoming complex. Fedena is a useful solution that helps integrate all administrative functions of a school into an easy-to-use software,” said Bissell, who has a personal interest in the education sector. The Fabindia School in Rajasthan uses Fedena for student management.

Fedena is being used in several developing countries and with this round of funding, it will now look to scale horizontally via expanding its business in markets like USA, Canada and Europe, said Abdulla Hisham, COO of Foradian.

The firm that was founded in 2009 has recently launched Uzity, a Learning Content Management System to complement Fedena.

EDITORIAL OF THE DAY

  • Finance minister has been pragmatic in exempting FIIs from MAT claims

    Good sense has finally prevailed in the government, with finance minister Arun Jaitley announcing the income-tax officials will exempt overseas funds

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Amita Sharma

Centre set to scrap 60:40 norm for NITs

A committee set up by the ministry of human resource ...

Zehra Naqvi

If you bend, you won’t break

There’s an ancient exercise about a green, supple new branch ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture