The startup was incubated at Myntra founder Mukesh Bansal’s Meraki Labs, where Ranjan also serves as a partner.
Covering subjects such as mathematics, physics, and chemistry, the AI tutor will guide students to solutions.
“We are not going to give you the answer; we are going to help you arrive at the answer, so that in the end you get a feeling of accomplishment, as opposed to just a quick answer,” Ranjan told ET.
The platform will be rolled out for both schools and consumers. It will initially be rolled out as a free trial in the US and India, before expanding to other markets.
“We intend to expand into more areas, starting with physics, chemistry, mathematics, JEE, and AP,” Ranjan added. “We will also move into college-level courses and skill-based things such as prompt engineering, statistical analysis, and actuarial science and other areas that can help people access new jobs or perform better in their current roles.”
This comes at a time of growing disruption in the education sector, with AI reshaping content creation, delivery, and assessment.
Recently, Google launched free, full-length SAT practice tests within its Gemini app, directly challenging the mock-test offerings of test-preparation platforms. These AI tools also offer personalised study plans as students increasingly turn to such platforms for their educational needs.
“The post-ChatGPT world is very different. Schools and educational institutions have to adopt AI, and they need to do so in the right way because students are already adopting it. We are building a product that enables learning the right way within the AI wave,” Ranjan added.
Fermi.ai ran a three-month pilot with 79 students, which showed significant improvement in learning, said Ranjan. Students who initially scored around 2 out of 10 improved to an average of 6.7 out of 10 by the end of the pilot, while those scoring about 5 out of 10 rose to nearly 8 out of 10.
Ranjan said Meraki will continue to fund the venture until it decides to raise capital from external investors. “The path to external funding is going to follow two more milestones, that is launching the platform and figuring out the market and pricing. Then we will think about external funding,” he added.
