Foradian Tech raises $2m from FabIndia

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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.

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