WizIQ Inc

WizIQ Inc

WizIQ has been at the forefront of revolutionizing online education since its inception in 2007. Founded by Harman Singh and Harbir Khurana, this Gurugram-based startup has made a significant impact by providing a comprehensive suite of integrated features for virtual classrooms, course management, content authoring, and mobile learning. With over 400,000 education and training service providers leveraging its platform, WizIQ has facilitated 1 billion minutes of live learning and delivers 100,000 live online classes monthly, making it a leading force in the EdTech industry.
Key Details
City
Gurugram
Founded In
2007
Founders
Harman Singh, Harbir Khurana
Category
edtech
Website
Click here

WizIQ Inc Foundation Story

WizIQ Inc is an online education platform that has been making significant waves in the educational technology sector. Founded in 2007, the company has a rich history and a clear vision for transforming online learning.

Vision and Early Days

Harman Singh, the founder of WizIQ, had a clear vision from the beginning. He saw the potential of the internet to change education and wanted to be a part of it. In the early 2000s, when platforms like MySpace and Friendster were popular, Harman was already thinking about how the internet could impact education.

Harman's experience in the services business, particularly in educational technology, gave him a deep understanding of what universities, colleges, and training centers needed. He interacted with these institutions and understood their requirements, which helped him shape his initial thoughts and ideas for WizIQ.

The early days of WizIQ involved exploring different business models. Initially, Harman considered a model similar to TutorVista, but he soon realized that focusing on students was not sustainable. Instead, he decided to focus on the service providers – teachers, tutors, and educational institutions.

Founding Team Background

Harman Singh, the founder of WizIQ, has a background in educational technology. Before starting WizIQ, he was involved in various IT projects related to education. His experience in the US during the early 2000s, when social media was just beginning to take off, influenced his decision to venture into online education.

Harman's interactions with universities and colleges helped him understand the educational ecosystem better. He drew inspiration from social media platforms like Facebook and LinkedIn to create a platform that would aggregate service providers, ensuring that students could access quality education from various providers on a single platform.

The founding team's vision was to create a platform that would make online education accessible and engaging. They aimed to provide a comprehensive solution for teachers and learners, focusing on the needs of the service providers rather than just the students[1]).

WizIQ Inc Business Evolution

Over the years, WizIQ has undergone significant evolution, from its initial concept to its current state as a global education technology company. Here’s a look at its journey and key milestones.

From Initial Concept to Current State

WizIQ started by focusing on the service provider side, aggregating teachers, tutors, and educational institutions onto one platform. This approach allowed the company to build a robust network of educators and learners. As the platform grew, WizIQ expanded its offerings to include tools for creating online academies, enabling institutions to go online quickly and efficiently[1]).

The shift from chasing students to focusing on service providers was a critical turning point for WizIQ. This strategy helped the company build a loyal base of educators and learners, leading to significant growth. Today, WizIQ boasts over 400,000 registered service providers and more than four million learners worldwide[1]).

The company’s current state is marked by its ability to support the launch of online academies. With WizIQ, institutions can start their online academies within minutes, expanding their reach and enhancing their educational offerings[1]).

Key Growth Milestones

WizIQ has achieved several key milestones in its growth journey. One significant milestone was the opening of its fourth office in Bangalore, India, which marked an important step in the company’s global expansion[3]).

In 2013, WizIQ raised $4.1 million from education-focused private equity firm Kaizen and German media major Bertelsmann. This investment helped the company further its global ambitions and enhance its product offerings[2]).

WizIQ has also expanded its presence globally, serving over 3 million students and 250,000 teachers in more than 100 countries. The company’s global reach and diverse user base are testaments to its growth and success[3]).

Product Portfolio Expansion

WizIQ’s product portfolio has expanded significantly over the years. The platform now offers a range of tools and features for online education, including virtual classrooms, course delivery systems, and customizable workspace layouts[2]).

The company’s virtual classroom software is compatible with various devices, including computers, iPads, and Android tablets. It also supports multiple languages, making it accessible to a broader audience[2]).

WizIQ’s platform allows for synchronous online learning, enabling real-time interactions between teachers and students. The platform also facilitates seamless communication through various media and supports the creation of online content bins based on search terms[4]).

WizIQ Inc Technology Infrastructure

WizIQ’s technology infrastructure is a crucial aspect of its success. Here’s an overview of its core platform architecture, security and compliance framework, and innovations in the industry.

Core Platform Architecture

WizIQ’s core platform is designed to be user-friendly and scalable. It offers a browser-based intuitive interface that makes it easy for teachers and students to use. The platform supports synchronous learning capabilities, allowing for real-time video feeds and interactions[4]).

The architecture of WizIQ’s platform ensures seamless integration with existing IT infrastructure. This ease of integration was a key factor in its adoption by institutions like DMACC, which needed a platform that could meet the extensive needs of distance education students[4]).

The platform’s design also includes customizable workspace layouts, enabling teachers to organize their virtual classrooms according to their needs. This flexibility enhances the teaching and learning experience[2]).

Security and Compliance Framework

WizIQ places a strong emphasis on security and compliance. The platform ensures that all data and interactions are secure, which is crucial for educational institutions. WizIQ’s support team is available 24/7 to resolve any technical issues that may arise, providing robust support for users[4]).

The company’s compliance framework ensures that the platform meets the necessary standards for educational technology. This includes ensuring that the platform is accessible and user-friendly for all users, regardless of their location or device[4]).

WizIQ’s security measures are designed to protect user data and maintain the integrity of the learning environment. This is essential for building trust among its users and ensuring the continuity of educational activities[4]).

Innovation in its Industry

WizIQ has been at the forefront of innovation in the educational technology industry. The company’s focus on teacher-and-learner-centered methods sets it apart from other edu-tech companies. Instead of just providing content, WizIQ offers a comprehensive course delivery system that supports the needs of teachers and learners[3]).

WizIQ’s virtual classroom software and customizable features have revolutionized the way online education is delivered. The platform’s ability to support multiple languages and devices has made it a global leader in online education[2]).

The company’s innovative approach to online learning has been recognized by investors and educational institutions alike. WizIQ’s growth and expansion are a testament to its innovative spirit and commitment to enhancing online education[2]).

Company Market Impact

WizIQ Inc, based in Gurugram, Haryana, India, has made a significant impact on the education and training sector globally. Here’s how they have achieved this:

User Base Growth

WizIQ has seen remarkable growth in its user base since its inception in 2007. The platform has been used by over 400,000 education and training service providers and 4.5 million learners[6].

  • Global Reach: WizIQ's services are utilized in more than 100 countries, making it a global player in the online education space.
  • Course Volume: The platform has delivered over 1 billion minutes of live learning through 70,000 courses.
  • Monthly Classes: Approximately 100,000 live online classes are conducted every month using WizIQ[6].


The user base growth is a testament to the platform's ease of use and the value it provides to both educators and learners. WizIQ's mobile apps for Android and iOS have further expanded its reach, making learning accessible 24/7 on personal devices[6].

Market Share Expansion

WizIQ has expanded its market share by catering to various segments, including educational institutions, tutoring companies, and corporate training providers.

  • Educational Institutions: WizIQ is used by prestigious institutions like IIT Delhi in India and Atlantic University in Virginia Beach, USA[7].
  • Tutoring Companies: The platform is popular among tutoring companies due to its ability to support MOOCs (Massive Open Online Courses) and other online learning initiatives.
  • Corporate Training: WizIQ helps companies train their customers and partners through branded learning portals and online tutorials or live classes[6].
    This broad market approach has helped WizIQ to establish itself as a versatile and reliable solution for online learning.Financial Inclusion InitiativesWhile WizIQ is primarily focused on education, its impact on financial inclusion is indirect but significant.
  • Cost-Effective Solutions: WizIQ offers cost-effective technology, allowing educators and training providers to reach a wider audience without significant investment.
  • Global Access: By enabling learning on the go through mobile apps, WizIQ ensures that education is accessible to people in various economic conditions.
  • Revenue Streams: Educators and institutions can create and sell online courses, generating additional revenue streams, which can contribute to financial stability[6].
    These initiatives help in making education more accessible and affordable, which can have positive effects on financial inclusion.Company Financial JourneyWizIQ's financial journey is marked by rapid growth and strategic investments.
  • Revenue Growth Story
  • WizIQ has experienced remarkable revenue growth over the years.
  • Annual Growth Rate: The company has been growing its revenues at an annual rate of more than 200%[7].
  • User Engagement: With over 1 billion minutes of live learning delivered, the platform's revenue is driven by high user engagement and the increasing demand for online education.
  • Subscription Model: WizIQ's revenue model, which includes creating and selling online courses, contributes significantly to its financial health[6].
    This growth is a result of the platform's ability to meet the evolving needs of the education sector.Path to ProfitabilityWizIQ's path to profitability is supported by its scalable and cost-effective technology.
  • Scalable Technology: The platform's ability to handle a large number of users without significant additional costs has been a key factor in its profitability.
  • Diverse Revenue Streams: By offering various services such as course creation, virtual classrooms, and mobile learning, WizIQ diversifies its revenue streams, ensuring a stable financial position.
  • Efficient Operations: The company's efficient operations and minimal investment requirements have helped in maintaining profitability[6].
    These factors have enabled WizIQ to sustain its financial health while expanding its services.Investment Rounds and ValuationsWizIQ has received substantial investments to fuel its growth.
  • Total Funding: WizIQ has raised a total of $8 million in funding as of 2013, with a significant Series B investment of $4 million[7].
  • Growth Funding: These investments have been crucial in expanding the user base, enhancing the platform's features, and entering new markets.
  • Strategic Investors: The involvement of strategic investors has provided WizIQ with the necessary resources and expertise to grow its market share and improve its services[7].
    These investments have been instrumental in WizIQ's rapid growth and market expansion.Company Strategic PartnershipsWizIQ has formed several strategic partnerships to enhance its services and reach.
  • Banking Collaborations
  • Although WizIQ is primarily an education platform, its collaborations can be inferred from similar models in the fintech sector.
  • Resource Sharing: Partnerships with financial institutions could provide WizIQ with the resources and regulatory support needed to expand its services into new areas, such as financial literacy programs.
  • Market Access: Collaborations with banks can help WizIQ reach a broader audience, leveraging the banks' extensive customer base[9].
  • Financial Support: Banks can offer financial support to WizIQ, helping it overcome regulatory hurdles and scale its operations more effectively[9].
    These collaborations, though not directly mentioned, can be seen as potential avenues for WizIQ to expand its impact.Merchant PartnershipsWizIQ's partnerships with merchants and educational service providers are key to its success.
  • Content Providers: WizIQ collaborates with content providers to offer a wide range of courses and training programs.
  • Educational Institutions: Partnerships with educational institutions like IIT Delhi and Atlantic University enhance the platform's credibility and reach[7].
  • Tutoring Companies: WizIQ works with tutoring companies to offer MOOCs and other online learning initiatives, expanding its user base[7].
    These partnerships ensure that WizIQ offers high-quality content and services to its users.Technology AlliancesWizIQ's technology alliances are crucial for its platform's functionality and user experience.
  • Integration with Other Tools: WizIQ integrates with various educational tools and platforms, enhancing its functionality and user experience.
  • Mobile App Development: The company's partnerships with mobile app developers ensure that its mobile apps are user-friendly and efficient[6].
  • Analytics and Insights: Technology alliances help WizIQ provide robust analytics and insights, which are essential for educators and training providers to measure the effectiveness of their courses[6].
    These alliances enable WizIQ to stay updated with the latest technological advancements in the education sector.