The company said in a statement that Edtech startup Early Steps Academy has raised $1.2 million (about Rs 8.8 crore) seed capital from BEENEXT, Whiteboard Capital and Taurus Ventures, among others.
The company said the money will be used for research and development (R&D) for content, technological advancements, and team expansion.
Founded by Sneha Biswas in 2021, the startup focuses on a case-based, face-to-face learning platform for students aged eight to eighteen. This is done with the aim of developing their knowledge base on more than 1,000 topics such as entrepreneurship, space, climate and blockchain, the statement said.
Headquartered in Bengaluru, the platform currently operates in seven countries including the USA, the Middle East, and India.
“The world of the twenty-first century is changing faster than ever before, and children all over the world are taught the same subjects (mathematics, physics, chemistry, etc.) with very few modifications to the curriculum and teaching methods,” said Sneha Biswas, founder and CEO of Early Steps: “At Early Steps, we believe that those who learn early real-world knowledge and skills do much better in life than those who don’t.”
BEENEXT invests in early-stage technology start-ups focused on new data network-driven digital platforms. Since its founding in 2015, the team has invested in more than 200 companies globally.
The education technology market in India has witnessed massive activity in financing, mergers and acquisitions (M&A) since the onset of the coronavirus pandemic last year.
this week, Circle I mentioned that the Amsterdam-based global university systems have acquired 100% stake At the Indian education company Edvancer Eduventures Ltd, which offers online degree courses in data science.
vernacular educational technology platform Vidyakul He raised an undisclosed amount in a funding round from Dholakia Ventures and other angel investors. Likewise, based in Bengaluru foreign admission It raised Rs 3.5 crore in an initial funding round led by Unicorn India Ventures.
in july, Teachmint Technologies Pvt LtdLtd., which focuses on teacher-student communication, has raised $20 million (Rs.149.4 crore) in a pre-Series B funding round led by global education technology focused company Learn Capital.
So far in 2021, three education technology companies have turned unicorns, bringing the total number of these startups in the country — with a valuation of more than $1 billion, to five.
Executive Education Platform learner The start of higher education upGrad Become a rhino in 2021, with I see Being the latest education technology company to join the club in late September after raising $100 million in a Series E round led by Singapore-based influencer investor ABC World Asia.