Indore-based homeschooling ed-tech startup ClassMonitor raises INR 3.5 crores as a part of its pre-series A funding round | MENA startups, innovation, and tech news

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Indore-based homeschooling ed-tech startup ClassMonitor raises INR 3.5 crores as a part of its pre-series A funding round
Funding, Startups

Indore-based homeschooling ed-tech startup ClassMonitor raises INR 3.5 crores as a part of its pre-series A funding round

The startup ClassMonitor has lifted around INR 3.5 crores as a part of its pre-series A funding round guided by PATH India and Gulf Investors, including UAE- based Calega family office investor group, and Sarvann, a group of Oman-based investors. “The company will use the fresh funds to build its presence across other countries and strengthen its content and technology for users.” according to yourstory.com. ClassMonitor was found in the year 2016 by Pandey and Vikas Rishishwar.

The edtech is an Indore-based startup. ClassMonitor has raised Rs 6 crore since inception in 2016, with this round of funding. It is handled by Riseom Solutions PVT LTD. The funds will be used to improve the content and the marketing efforts. ClassMonitor is a platform where education experts help young kids with mentoring. “ClassMonitoraims at bringing together the fun, family, and learning altogether by building an interconnection between education and entertainment with the help of our handy Learning kit which makes early education more interesting than ever before.” ClassMonitor quotes. “In its seed round, the company raised capital from individuals including a scientist in Sweden and Piyush Jain who has invested in over 25 startups in the last two years”, said Pandey.

Pandey wanted to do something big. When he started the company in 2016, he wanted his product to enter the market as a parent-teacher communication platform. It was something big. They were already eight months into the launch and they got on board around 150 schools in Indore and Ahmedabad. They were experiencing success in a short period of time. The startup wanted to expand more. Two things were figured by the end of the research, it is:

 Parents wanted to be a part of their child’s progress
 It was hard for them to keep their children away from using mobile phones To come up with a solution, the startup found out a new way: a merge of offline and online classes.

“In 2018, the startup pivoted to a hybrid early learning tool that marries offline learning with digital cues and rewards. The startup has generated Rs 7 crore in net revenue since the product launch in October 2018.”
quoted yourstory.com. Rishika Agrawal, PATH India, said, “We have always been passionate about the education industry and run a skill development center as well for on-field training of engineering students.

ClassMonitor is tapping into the edtech space while engaging children meaningfully in a holistic fun learning environment. We loved the sheer enthusiasm and the vision of the founders. Our investment will support ClassMonitor through its entire journey in becoming the pioneer in the education subscription box industry. We see an opportunity to build a global leader in addressing the unique needs of early learning by co-creating products for children, parents, and educators.”

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