Delhi-based 88academics Raises $3M In Pre-Series A Funding Led By Aarin Capital
Delhi-based EdTech company 88academics, has raised $3 million (INR 22 crore) in a pre-Series A funding round led by Aarin Capital.
The company plans to use the funds to develop India-specific content for the K-12 (kindergarten to 12th grade) segment.
88academics has been established with the social objective of making quality video-based learning material available to all Indian students.
Founded by former 3i Asia head Anil Ahuja, 88academics, which is part of Singapore-based 88tuition, has partnered with names like DBS Bank, Singapore Indian Development Association, and People Association. It is also likely to partner with Manila which is the capital of the Philippines.
Commenting on the funding, Founder and CEO of 88academics, Anil Ahuja said,
“Bringing in Aarin is a huge endorsement as they were one of the first investors in Byju’s. “Names like Ranjan Pai and Mohandas Pai coming into this tiny startup is an endorsement of the quality of the technology stack.”
Ahuja further added, “We will launch in the 2022 academic year, and We are adding about 5,000 students a quarter which is like 1.5 percent of the student population in Singapore. “
We are also planning to bring the same teaching to India. The product could be priced like Netflix and “you don’t have to be stuck to a program or package for five years”, he said.
Like what we do?
The Latest EdTech News To Your Inbox