WeSkill Raises Over $400K In Pre-seed Funding Round
WeSkill, an online platform that enables live and interactive extracurricular learning for children, has raised over USD 400K as part of its pre-seed round of funding from angel investors and syndicates.
Led by Shrishti Sahu from Swadharma Source Ventures (SSV), the funding round was supported by premier angels such as Arpan Sheth (Senior Partner, Bain & Company), Umang Vohra (MD and Global CEO, Cipla), Nikhil Srivastava (Partner and MD, Head of India Private Equity at PAG), Renu Satti (COO, Paytm), Narendra Rathi (Investments VP, SoftBank Vision Fund), and IIT Madras professors among others.
As per the startup, the raised funds will be used to advance its product offerings (launch new course categories and build new tech-enabled learning experiences) and explore new channels for growth. The startup also plans to build a team that can deliver on the platform’s vision to democratize holistic education for more than 270 million K12 learners in India.
WeSkill | Live Learning Platform
Founded in November 2020 by three IIM Ahmedabad alumni, Shaurya Joshi, Praneet Agarwal and Shashank Patidar, WeSkill is a live learning platform working to make holistic education for kids more accessible by leveraging technology.
Commenting on the funding round, Shristhi Sahu from SSV said,
“Within edtech, the extracurricular segment in India is already a $5.8 billion market in 2021 and continues to expand at an 18% CAGR. The team is aggressively gaining marketshare by compounding 20% m-o-m in this large market by a product-first approach backed by solid execution and obsession with customers.”
The live learning platform currently offers courses and workshops for several activities like Arts, Music, Dance, and Chess, through live online and interactive classes delivered by professionally trained instructors. WeSkill has successfully delivered more than 1.5 million learner minutes of online classes since its inception, and more than 40K parents have signed up for their courses.
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