Edtech startup BasicFirst joins hands with Riiid Labs to offer students AI-driven, test assessment solutions for JEE, NEET exams
New Delhi, October 5, 2021: BasicFirst Learning, a Jharkhand Innvoation Lab-selected edtech startup, today announced its exclusive partnership with Riiid Labs, a global leader in AI for education (AIEd) solutions to deliver AI-powered personalized test prep solutions for JEE and NEET exams. The partnership will enable BasicFirst to deploy personalized tools, applications, and content recommendations enabled with artificial intelligence (AI) that will help students identify their unique strengths and work on the weaknesses. Through such advanced tech-enabled offerings, BasicFirst is eyeing to capture $50 million in the next three years.
Collectively, BasicFirst and Riiid Labs will develop an AI-powered test-assessment solution that will be accessible through the web, iOS, and Android. In the process, BasicFirst Learning will provide contents, key features, and specifications for the product, while Riiid Labs will provide Al modeling components, such as score prediction and content recommendation, as well as AI algorithm pre-training capabilities. When combined, those components are expected to exert a vast amount of synergy, generating high learning efficacy and personalized learning paths for the users. It will also introduce a formative learning solution to evaluate an individual’s performance and helping them to score higher most effectively and efficiently.
Elaborating on the partnership, Randhir Kumar, Founder & CEO, BasicFirst Learning said, “We are excited to be entering into an innovative and industry-first partnership with Riiid Labs to provide AI-enabled test-assessment solutions to students. Every year over 3 million students appears for JEE, NEET exams in the country, therefore we are focusing on bringing solution that is student-centric and bring innovation to the current education system. Aligned with our commitment to offering a holistic learning experience, this partnership aims to offer students a one-of-a-kind personalized, focused, and result-driven experience. Our AI-powered learning mechanism is a step towards improved future of students and brings competitiveness among the industry peers”
Further, David Yi, CEO of Riiid Labs said, “We are thrilled to enter into a partnership with BasicFirst Learning because when AI meets the right platforms, powerful things happen. BasicFirst Learning is well aligned with us on the mission of democratizing education for everyone and its learning platform has a strong reputation among local users, we expect our collective efforts to make a major leap in providing personalized learning experiences. We believe this partnership also has a potential to generate a great deal of market opportunities in India.”
The Riiid’s proprietary AI technology analyzes student data and content, predicts scores and user behavior, and recommends personalized study plans in real-time to help students optimize their learning potential. The company provides solutions for K-12 education, postsecondary education, and corporate training in more than 10 countries across the globe.
BasicFirst, a bootstrapped edtech startup, provides targeted courses for JEE, AIIMS, NTSE, NEET, and Olympiads, as well as courses for students in classes 6th to 12th. The ed-tech platform consists of over 150+ experienced teachers/instructors from India’s top institutions/ schools that are available for all education boards across the country in all major languages, including English, Hindi, Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil, and Telugu.
BasicFirst Learning, founded in 2017, is a personalized live e-learning platform enabled with Artificial Intelligence (AI), Machine Learning (ML), and Data Analytics for enhanced adaptive learning. Started by the country’s top education professionals and experts, BasicFirst provides personalized academic support and high-quality mentor-based content to the students situated at the remotest locations across India. To empower students with the confidence, BasicFirst helps them build a strong scholastic foundation through live one-on-one & one-to-many interactive learning modules, online doubt clearing sessions, and multiple revision rounds. The affordable e-learning platform offers targeted courses for JEE, AIIMS, NTSE, NEET, and Olympiads along with courses for students of classes 6th to 12th. BasicFirst consists of over 150+ experienced teachers/instructors from India’s top institutions/ schools that are available for all education boards across the country in all languages including local languages, providing quality education to more than 20,000 students spread across tier 1, 2 & 3 cities in India. To know more about the BasicFirst, please visit www.basicfirst.com
Headquartered in Korea, Riiid is a global leader in AI solutions for education, backed by more than $250 million (USD) in funding and named to the 2021 CB Insights AI 100 list of the most innovative AI startups. Leveraging the power of AI, the company is driving a paradigm shift in education with technology that personalizes instruction for all students, with the aim of democratizing quality education anywhere in the world. The company provides solutions for K-12 education, postsecondary education, and corporate training. As a leading force in AI technology, Riiid has published research papers at top AI conferences including NeurIPS, CSEDU, and LAK. The company has applied for more than 103 patents, 27 of which are registered. In 2020, Riiid established the company’s global arm based in Silicon Valley, California, to expand its business across the U.S., South America, Middle East, and beyond. For more information, please visit https://company.riiid.co/en/main