Indore-Based Edtech Startup ClassMonitor Raises Rs 3.5 Cr In Pre-Series A Funding Round
ClassMonitor, an Indore-based homeschooling-focused edtech startup, has raised Rs 3.5 crore in pre-Series A funding.
The funding round was led by PATH India and Gulf investors, including UAE-based Calega family office investor group, and Sarvann, a group of Oman-based investors.
As per the startup, it will use the fresh funds to build its presence across other countries and strengthen its content and technology for users.
Started by Vijeet Pandey and Vikas Rishishwar in March 2016, ClassMonitor is an Indore-based early education platform for modern parents. The education platform focuses on the fundamental development of a child based on five core areas: linguistic skills, logical thinking, sensory and motor skills, cognitive skills, and creativity.
ClassMonitor offers activity kits for kids that blend traditional teaching with modern methods of learning. Additionally, the kits let parents teach, play, and bond meaningfully with their children.
Vijeet Pandey, Co-Founder and CEO of ClassMonitor, said,
“A remarkable component of our societal adjustment during the last one year has been the ability to keep children engaged in educational experiences while away from the classroom. At ClassMonitor, we are combining valuable lessons with interesting tasks that encourage interaction between the kids and parents. The DIY experience teaches them problem-solving skills and also helps in developing an analytical thinking perspective.”
ClassMonitor started as a messaging platform for parents and teachers, and in 2018, it pivoted to a hybrid early learning tool that combines offline learning with digital cues and rewards.
The startup claims that it has generated Rs 7 crore in net revenue since the product launch in October 2018.
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