With the support of its powerful product category, the company has successfully onboarded more than 15,000 students on its platform in less than a year. With the help of this fresh funding, Bambinos.live is targeting to hit revenue of $2 Mn ARR in the next 6 months.
Digital academy for extracurricular activities Bambinos.live has raised $500K as part of its seed investment round from HNI and Angels including Ankit Nagori – Co-Founder of Cure.Fit & CEO of Eat.Fit, Neeraj Aggarwal – Co-Founder & COO Xto10x, Abhishek Nag (Angel List), Director of Business Development, Netflix India and family fund of MEL.
Bangalore-based Bambinos.live was founded in June 2020 by Ashish Gupta, who worked at multiple leadership positions in various companies like Amazon, Curefit & IIM- Calcutta alumnus. Along with his co-founder, Ankit Hetamsaria, ex-Associate Director at Flipkart, Curefit & IIM Shillong alumnus, the founding team has over 15 years+ of experience in education and in the ed-tech space. Bambinos.live will use fresh funds for product development, scaling up its distribution network, and enhancing the course content across categories of extracurricular activities.
With the support of its powerful product category, the company has successfully onboarded more than 15,000 students on its platform in less than a year. With the help of this fresh funding, Bambinos.live is targeting to hit revenue of $2 Mn ARR in the next 6 months.
Ashish Gupta, Co-Founder, and CEO, Bambinos.live said, “In the last ten months, we’ve observed a surge in parent’s demand for extracurricular activities for their children. There are currently 15000+ kids who have registered on our platform, including from India, Singapore, Japan, Korea, Canada, and the Middle East. This new funding will enable us to grow our company and add new products and revenue streams. We have built a strong network of educators and content designers which help us differentiate through our in-class experience. Further, we have built a very strong operational control with a high-efficiency model. This keeps our cost low and provides high consistency in customer experience. Our idea is to help a child discover multiple interests outside the school while helping her builds some critical life skills. All our programs are selected and designed to enhance the learning experience compared to offline.
“I’m very excited to back the Bambinos.live team for building an ecosystem in extracurricular learning. Beyond the curriculum, learning is a very large space and is the need of the hour when academic
excellence may no longer be enough for a child to succeed. Ashish and Ankit are very experienced operators and are putting the right building blocks to scale this category in ed-tech.” said Neeraj Aggarwal – Co-Founder & COO Xto10x
Source: Business World
