News Tech: Tanay Pratap, better known to students as Tanay bhaiya, founder and CEO of Invact Metaversity, is reinventing Edtech Invact to create a virtual university focused on young people seeking education and career advancement. We make it more accessible. From differing visions with co-founder Manish Maheshwari to failing to find a buyer, his less-than-a-year-old startup was facing major storms even before it launched its first group of students. It ended after Maheshwari stepped down as chief executive and director.
Invact Metaversity said he raised $5 million in February, led by Arkam Ventures and other investors, and the startup was valued at $33 million. The company says its 16-week business degree program is designed to help students find employment in “core business units of high-growth companies.” One of the key differentiators was that students were expected to participate in a class known as virtual reality, or the Metaverse.
We started thinking about how to make education more effective while still maintaining an accessible environment. A physical education college is a great place to start. However, the fee is too high and it becomes inaccessible. There are also numerical limits. You can only have 500,000 or 50,000 students. Covid was graduating people when we started talking about more effective educational media.