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

  • iXRLabs has raised $800,000 in a seed funding round.
  • The startup plans to use the raised capital for scaling up the product.


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

The startup intends to use the funds raised to expand the product. Nihar Madkaiker founded iXRLabs, which provides experiential and immersive VR educational modules to universities and colleges in engineering, medicine, and sciences.

According to the startup, its goal is to help higher education by empowering educators to create immersive and engaging learning experiences in the classroom and to prepare students for real-life workplace environments.

It intends to accelerate the development of its virtual lab by creating over 500 VR modules in the 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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