The funds will be used by the startup to increase the visibility of their main product, the xQ Video Lab, in schools.
xQ, an edtech startup that teaches young people how to make videos, has raised $1.4 million (Rs 11.18 crore) from a small group of HNIs that includes senior executives from Google, Deloitte, and Tata 1mg, Axis Capital, and photographer Joseph Radhik.
The funds will be used by the startup to increase the visibility of their main product, the xQ Video Lab, in schools. Schools typically have a video lab, similar to a computer or physics lab, where students can learn how to create videos. xQ offers students a well-crafted video-creation curriculum, high-end shooting equipment, and an e-learning platform that allows them to continue studying and honing their video-making talents at home for a reasonable price.
Alumni of IIM Simon Jacob and Kartik Talwar founded the company in 2021 with the assistance of industry experts in advertising, education, and filmmaking.
“Video is the future’s language,” said Jacob, CEO, and CoFounder of xQ. “It is no longer a nice-to-have extracurricular activity, and if we want to introduce video-creation as a core skill to children on a large scale, it must be part of the school curriculum,” he stated in a press release.
The startup has so far trained 6,000 students in video production across eight countries and now hopes to train at least 10 lakh children by 2025.