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MT Educare to make Robomate app a separate entity

MT Educare, a Mumbai based education company has started spinning off its online education app Robomate. MT Educare provides digital content for K-12, higher education and competitive exams and provides 24×7 online support. Robomate is an app through which students can access study material in the form of recorded lectures (Audio & Video) of expert faculty, notes and test series for learning and revision. MT Educare has planned to make Robomate a separate entity and looking for venture capitalist to raise funds for it. The promoters of the company have held multiple discussions with many investors including “New Silk Route” and “Bertelsmann India. MT Educare aims to raise the funding amount of ₹700-1000 crore for Robomate app to compete with other edtech players in the market.