Klassroom Edutech, India’s leading Hybrid (Offline to Online) tutoring platform, has raised USD 200K as a part of its Pre-series A round led by ah! Ventures with the participation of several eminent angel networks like Startup Angels Network, Growth Sense, and Meteor Ventures. This is ah! Ventures’ 75th investment (in 59 Startups) taking its total investment portfolio to INR 210 CR (~30 MN USD) with 10 exits to date (and 3 more exits are in process). This is ah! Ventures’ 12th investment in 2021 and we plan to do 50+ investments in 2021 totaling to INR 150+ CR (~20MN USD).
Over the past 12 months, 10,000+ students across 500 cities, 22 states, and 3 union territories have spent over a million hours studying on Klassroom’s online platform which now has a reach of 5 million students. Klassroom differentiates itself from other Edutech players by focusing on solving fundamental problems of the education ecosystem such as affordability, accessibility, accountability, and flexibility.
For the urban Market, Klassroom is eyeing expanding the already growing partner network from 160+ centers currently in Mumbai and Delhi to other cities and states once the impact of the pandemic begins to normalize. Klassroom’s diligent filtering and selection of eligible and dedicated partners solve the challenge of ‘selecting the best local institute’ for students while providing increased occupancy and efficient utilization of capacity for local partners. Klassroom’s Hybrid business model has provided unique cross-selling opportunities, where students enrolled in physical centers can benefit from online/live tutoring and vice versa. Klassroom is targeting the Rurban (Rural + Urban) population with the intent of making quality coaching accessible to all.
“With the aid of funds raised in the current round, we plan to launch similar online academic, test preparation and supplementary courses including Foreign Language, Technical, Vocational and Skill Enhancement in the Middle East and Southeast Asia”, said Alka Javeri Co-Founder Klassroom.
Parth Vanjara, Venture Partner, ah! Ventures, said, “Klassroom is uniquely positioned in solving problems faced by students in rural and urban India through its hybrid platform. We are impressed by team Klassroom and what they have achieved, in such a short span of time, by tapping this highly unorganized and untouched market. We believe they have the right combination of talent, technology, and strategy to truly transform the education industry and scale up globally. Our investment in the company is aimed at helping them in their expansion and growth.”