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Edtech Startup Klassroom raises additional $300K in Pre-Series A1 Round from ah! Ventures Angel Platform and Others |
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| Klassroom Edutech, Mumbai-based hybrid (Offline to Online) tutoring platform, raised an additional $300K in Pre-series A1 round. This round was once again led by ah! Ventures with participation of several angel networks like StartupLanes, Startup Angels Network, Meteor Ventures and Hem Angels. This funding round also saw participation from marquee group of angel investors.
This is ah! Ventures’ 100th investment (in 79 Startups) taking its total investment portfolio to INR 245 CR (~32 MN USD) with 11 exits and 21 follow on rounds till date. With 37 investments in 2021, ah! Ventures plans to do 40+ investments this year totalling to INR 150+ CR (~20MN USD). |
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| 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. |
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| Over the past twelve months, 20,000+ students across 500 cities, 22 states and 3 union territories have spent over a million hours studying on Klassroom’s online platform. Klassroom differentiates itself from other Edtech players by focusing on solving
fundamental problems of the education ecosystem such as affordability, accessibility,
accountability and flexibility. |
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| 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.
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| 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. |
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| With relaxation of restrictions from the on-going pandemic, more and more parents
and students are choosing in-person learning. Over the past few months Klassroom
has leveraged their vast partner network in helping students access some of the best
hand-picked local institutes within their neighbourhoods. Klassroom intends to scale to
500+ learning centres nationally in the upcoming months. |
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| "We believe high quality education should be affordable and accessible to all students
in India and we want to become THE preferred educational brand", said Alka Javeri
Co-Founder Klassroom.
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| "We are expanding our footprint to 2 international destinations by March 2022 and are
setting up an office in Dubai to cater to the needs of international Indian students", stated Dhruv Javeri
Co-Founder Klassroom.
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| "We plan to invest extensively in our technology and people for providing a superior
learning experience and for expanding our offline network to 12 cities over the next 18
months", said Dhumil Javeri
Co-Founder Klassroom.
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| "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.
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| Founded in 2016, Klassroom is now looking to raise $1million over the next 3 months
and is expecting to double its current valuation within this time frame. |
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| Know More: Abhijeet Kumar, abhijeet@ahventures.in
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 245 CR (~32 MN USD) in 79 startups & 100 investments and have announced 11 exits & 21 follow on rounds till date. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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