\n\tLytmus AI is looking to expand its artificial intelligence (AI)-powered learning platform for medical entrance exam aspirants and deepen its technology capabilities.\u00a0<\/p>\n
\n\tThe Bengaluru-based startup, founded by Ajit Kumar and Praveen, two graduates from Indian Institute of Technology (IIT) Bombay, creates AI mentors trained on the teaching styles and content of top educators.\u00a0<\/p>\n
\n\tIts core offering revolves around AI-powered \u201cteacher twins\u201d that can interact with students round-the-clock.\u00a0<\/p>\n
\n\tThe platform is currently focused on students preparing for the National Eligibility cum Entrance Test (NEET).\u00a0<\/p>\n
\n\tSpeaking with Business Standard, Kumar, cofounder and chief executive officer (CEO) of the firm, said the fresh capital will be deployed primarily towards product development, strengthening AI capabilities, and hiring talent.\u00a0<\/p>\n
\n\tHe added that about 60 per cent of the funds will be invested in AI development and talent acquisition, while the remaining 40 per cent will go towards operations and growth initiatives.\u00a0<\/p>\n
\n\t\u201cWe have grown five times in the last 45 days as we move towards the product-market fit stage,\u201d Kumar said.\u00a0<\/p>\n
\n\tHe added that the company plans to expand its AI mentor offerings, explore regional language opportunities, and reach more students over the next 12 months.\u00a0<\/p>\n
\n\tLytmus currently has over 17,000 users, with the top 30 per cent spending an average of 2.5 hours daily on the platform, and delivering over 100 marks of average improvement in student performance, Kumar said.\u00a0<\/p>\n
\n\tThe platform has three educators, each associated with a different subject for NEET preparation. They include physics, chemistry, and biology. It is targeting 100,000 students by the end of the current academic cycle.\u00a0<\/p>\n
\n\tWhile the platform initially launched as a free offering, it plans to introduce a subscription model later this academic year.\u00a0<\/p>\n
\n\tIt is testing a monthly plan priced at \u20b9499 and an annual package priced at \u20b94,500, covering NEET subjects.\u00a0<\/p>\n
\n\tKumar said the subscription-based approach is particularly suited to students in Tier-II, III, and IV cities, where users are comfortable making smaller recurring payments.\u00a0<\/p>\n
\n\tFor next year, the startup plans to remain focused on the NEET preparation market.\u00a0<\/p>\n
\n\tKumar said expansion into adjacent segments, such as engineering entrance examinations ( like Joint Entrance Examination) and other test-preparation categories, remains a longer-term opportunity.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\n\tInvestment from Boundless Ventures<\/strong>\u00a0<\/p>\n
\n\tBoundless Ventures said the investment aligns with its strategy of backing AI and frontier technology startups at the earliest stages.\u00a0<\/p>\n
\n\t\u201cWe are very excited to back Lytmus because we have looked at a lot of companies working at the intersection of AI and education. What stood out was their approach to solving a fundamental problem \u2014 how to make personalised learning accessible at scale by leveraging the best teachers,\u201d said Natasha Malpani, founder and general partner at Boundless Ventures.\u00a0<\/p>\n
\n\tThe investment marks the 10th portfolio company for Boundless Ventures, which launched its \u20b9300-crore fund less than a year ago.\u00a0<\/p>\n
\n\tThe firm invests across consumer AI, vertical AI, deeptech and cross border opportunities, and aims to back 25-30 startups over the next two to three years.<\/p>\n
\n\u00a0 <\/p>\n","protected":false},"excerpt":{"rendered":"
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