Edtech Startup Learn Clue Raises Angel Funding
Learn Clue, an edtech startup focusing on the overall development of a student, has raised angel funding from serial fintech entrepreneur Markus Ament (Maex).
As per the startup, freshly raised funds will be used for sales and marketing, product development and operations. The startup did not disclose the financial details of the deal.
Learn Clue | Skill Development Digital App
Founded by P.P.R Prasad and Satish Babu, Learn Clue runs a skill development digital app focusing on the overall development of a student. As per the startup, its offering, Digital Abacus, functions the same way as the 2000 years old ancient abacus instrument to compute techniques, thereby helping children unleash their cognitive, lateral thinking and mathematical capabilities.
Speaking about the development, Co-founders P.P.R Prasad and Satish Babu said,
“Our products are designed with core values of developing high order thinking skills and problem-solving abilities essential to students at different stages of their life as part of our roadmap.”
LearnClue application majorly focuses on four aspects of learning, i.e. conditioning thought process, effective communication, taking learning outside the academic concepts and optimised managerial skills in life.
Investment in Learn Clue shows sustained investor interest in the edtech sector across stages. Since the pandemic restrictions have begun, this segment has seen tailwinds and startups in the edtech sector are gaining traction.
This week, edtech startup helping college students and tech professionals upgrade their skills Scaler Academy raised $55 million in a Series B funding round. Another startup CoLearn raised an additional $17 million as part of its Series A follow-on funding earlier this week.
According to BLinC Investment Management, the Edtech sector in India is expected to grow from $2.8 billion in 2020 to $30 billion in 2030 at a compound annual growth rate of over 15%. The report also highlighted India as the world’s most active edtech market.
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