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Edtech firm Klassroom raises additional $175K in Pre-Series A2 Round from ah! Ventures Angel Platform and Marquee Investors to fuel growth |
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| Edtech firm Klassroom Edutech raised an additional $175K from investors led by ah! Ventures taking its total tally of funds raised in the past 6 months to $600K. ah! Ventures’ has done total 106 investments (in 81 Startups) till date taking its total investment portfolio to INR 256 CR (~34 MN USD) with 13 exits and 23 follow on rounds. 3 investments have happened through all three platforms in 2022 till date. |
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| This round saw participation of several angel networks like StartupLanes, Startup Angels Network, Meteor Ventures and Hem Angels along with marquee angel investors such as Pavan Bakeri (Managing Director, Bakeri Group), Kishore Ganji (Founder, Astir Ventures), Amit Kothari (Country Head, ICICI Bank), Abhijit Saxena (ex-CEO Netcore), CPT Family Trust, Chandru Chawla (Executive VP, Cipla) among others. |
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| Since its last fund raise, Klassroom Edutech’s has registered 6X revenue growth and doubled its valuation in under 6 months. |
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| Klassroom Edutech, Leading offline to online hybrid tutoring platform. |
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| The Mumbai based startup differentiates itself from other Edtech players by focusing
on solving fundamental problems of the education ecosystem such as affordability,
accessibility, accountability and flexibility. With ‘Klassroom for Bharat’ mission for
the mass market, Klassroom Edutech, through its website and app, offers live lectures
that stream directly from the in-house ‘K-Studio’. Leveraging its hybrid model and on-
the-ground partner network of over 160 local coaching centers, it 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.
Klassroom is collaborating with schools and several state governments on various
projects across India to onboard 5 million students on the Klassroom platform. |
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| Abhijeet Kumar, Co-Founding Partner, ah! Ventures says, “Klassroom’s growth
last year underlines its students-first approach and deep focus on learning outcomes.
We are excited to make a follow-on investment in Klassroom, to support its mission of
transforming the education sector in India.”
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| “At Astir Ventures, we invest in early-stage startups, and as such, we look for two
main factors in startups: the founders and the MOAT. Despite the latter being a very
crucial element for success, it is often the tenacity, grit and capability of the founders
that ensure the ship sails towards the destination; irrespective of the tide and sea.
Beyond Klassroom’s unique idea and vision of providing quality coaching access to
everyone, it was Alka, Dhruv, and Dhumil’s mettle and expertise that won us over.”, said Kishore Ganji Founder at Astir Ventures |
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| Pavan Bakeri, Managing Director at Bakeri says, “Klassroom fills a huge gap in India’s educational system. It helps students get deep
insights into the subject matter, and thereby offers personalised learning which
complements school education"
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| Gearing for Pre-Series A3 |
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| Founded in 2016, Klassroom is now looking to raise $1 million over the next 3 months
and is expecting to double its current valuation within this time frame on the back of
tremendous revenue growth. |
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| Interested in knowing more about this venture, write to Abhijeet at 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 1 CR, 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, 4000+ 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 256 CR (~34 MN USD) in 81 startups & 106 investments and have announced 13 exits & 23 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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