Edtech Startup Kreedo Raises $2.3 Mn In Pre-series A Funding
Kreedo, an edtech startup, has raised $2.3 Mn in its pre-series A funding round led by Switzerland- based UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital and 1Crowd. Innospark Ventures, IIM-CAN and The Chennai Angels also participated in the funding round.
As per the startup, the raised funds will be used to expand the business and form partnerships with schools across India.
Kreedo | Democratizing Quality Early Education In India
Founded by husband-wife duo Mridula Shridhar and VK Manikandan in 2012, Kreedo is an edtech startup that facilitates K-12 schools in improving their student enrollments and developing curriculum.
The startup partners with private schools and preschools and transforms the way learning is delivered in their early years. As per the startup, it has partnered with over 400 schools and more than 1500 preschools to date.
Speaking about the development, Mridula Shridhar, co-founder and CEO of Kreedo, said,
“Our vision is to democratize quality early education. We have an overwhelming response from our partner schools, who are looking for a simple way to improve foundational learning. The new round of funding will enable us to take Kreedo to over 7000 schools across multiple cities in India.”
The edtech startup provides an end-to-end solution to customers right from services to set up the preschool, including naming their school, marketing support, layout, admissions process, etc., to running a premium preschool, including curriculum, educational materials, teacher and owner training and assessment solutions.
It changes the curriculum by employing a 6T learning framework that includes play-based learning at its core and includes toys, technology, theory, teacher training, timetable, and teamwork.
Because of the unstable global economic situation and funding winter, few edtech startups have shut down their operations. Recently, edtech startup Crejo.Fun shut its operations, while edtech startups- Udayy and SuperLearn have shut operations in the previous month.
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