Edtech Startup ‘Kyt’ Raises Series A Funding Led By Alpha Wave Incubation
Kyt, an edtech platform, has raised $5 million in a Series A funding round led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital.
The funding round also saw participation from Sequoia Capital India’s Surge, January Capital, Titan Capital and other angel investors.
As per the startup, it plans to use the funds to expand its operations to Abu Dhabi, and use the Emirate as its regional headquarters for targeting the GCC, MENA and other global markets.
Kyt will also build a world-class team of data scientists, product managers and engineers located in Abu Dhabi.
Founded in June 2020 by husband-wife duo Bhavik Rathod and Tripti Ahuja, Kyt is an online-first, global academy for extracurriculars, designed by the best educators from around the world.
Talking about the investment, Bhavik Rathod, Co-founder and CEO of Kyt, said,
“This new investment will greatly boost our efforts in providing a well-structured curriculum, designed by pedagogy experts and education consultants to help each child realise their potential.”
With students from India, UAE and Singapore, the startup offers courses across disciplines such as yoga, dance, music, chess, etc.
Kyt is looking to scale its footprint to the US, Canada, UK and Australia.
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