This funding round also included participation from a prestigious group of angel investors.
The Mumbai-based hybrid (offline to online) tutoring platform has raised an additional $300,000 in the Pre-series A1 round. This round was led by ah! Ventures once again, with participation from several angel networks including StartupLanes, Startup Angels Network, Meteor Ventures, and Hem Angels. This funding round also included participation from a prestigious group of angel investors. This is ah! Ventures’ 100th investment (in 79 Startups), bringing the firm’s total investment portfolio to INR 245 CR (32 MN USD), with 11 exits and 21 follow-on rounds completed to date. ah! Ventures expects to make 40+ investments this year totaling INR 150+ CR (20MN USD), up from 37 in 2021.
Since its last fund raise of $200,000 in May 2021, Klassroom Edutech’s monthly revenue has grown 5X since then. With the economy re-opening, Klassroom managed to quickly reactivate 120+ centres in less than sixty days across Mumbai and Delhi.
With the ‘Klassroom for Bharat’ mission for the mass market, Klassroom, on its website and app, offers Live lectures that stream directly from the in-house ‘K-Studio’. With the help of a rich content library and live lectures delivered by highly experienced and qualified teachers, Klassroom aspires to deliver quality education to the remotest parts of India and eventually the world. Leveraging its hybrid model and on-the- ground partner network of local coaching centers, Klassroom provides attractive price- points thereby making high-quality learning accessible to the middle and low-income groups.
It conducts classes for standards 6 to 12, IIT-JEE, NEET, CA, CS and for other leading competitive exams and plans to add new courses every month. For the Urban Markets, Klassroom’s Hybrid business model provides flexibility to students wherein those enrolled for physical tutoring can access online/live tutoring and vice versa.
“Klassroom has established itself as one of the fastest growing edtech companies in the markets that it serves in. Founders have built a promising and differentiated hybrid platform for students from all corners of the country that can access high quality coaching. We look forward to supporting them in their endeavours and the next phase of their growth”, stated Anurag Chandna, Venture Partner, ah! Ventures.
Source: Business World