ClassMonitor, an edtech startup, has secured INR 10 Cr in a Pre Series A investment from Frontline Strategy Funds, the round’s lead investor, as well as the Khimji Family (Muscat) and current backers Sarvann & Calega Family Office.
The platform plans to use the new funding for some interesting expansion, including utilising AI-based technology to improve young children’s learning experiences, as per reported by IndianWeb2.
ClassMonitor is a cutting-edge ed-tech startup founded in 2016 by Vijeet Pandey and Vikas Rishishwar with the goal of modernising traditional teaching strategies and making learning fun for young children from the age range of 0 to 8 years.
Commenting on the announcement, Vijeet Pandey, Co-founder & CEO at ClassMonitor stated, “This is a significant milestone in our journey to become the market leader in early education. I want to thank our existing and new investors for their continued support. This is an unequivocal endorsement of our brand promise and delivery capabilities in establishing a dominant position in the early education segment.
“I am convinced that early childhood education in India is largely unorganized, and that a significant number of children do not have access to affordable, outcome-based quality education. ClassMonitor is well positioned to bridge this gap and provide this segment with world-class experiential learning. The funds will be used to improve our content, technology, and distribution. We already have 2 lakh global users and are confident that we will be able to tenfold our business in the next 18-24 months”, he added.
Creating a vast network of franchised after-school learning centres will also help the corporation dominate early education. The startup also plans to broaden its distribution by introducing offline locations and schools while gaining organic traction from international markets with an emphasis on the UAE, as per reported by IndianWeb2.
Remarking on their investment, Atim Kabra, the Lead Investor said, “We are very excited to be partnering with ClassMonitor in their journey to build a trusted bond with parents. We share the vision of ClassMonitor, led by its dynamic and visionary founder, Vijeet, to build a network of smart offerings targeted at young children, that enable the parents to spend quality time with their child in a non digital environment”.
ClassMonitor is a revolutionary ed-tech startup designed to revamp the old-school methods and make learning fun for the little ones from the age group of 0-8 years. Conceptualized and designed by renowned industry and academic experts, we at ClassMonitor offer a wide range of Annual Learning Kits, Skill Booster Kits, and Live Classes for both kids and parents as well. Besides improving children’s cognitive, sensory, and motor skills, ClassMonitor kits enhance their ability to think creatively and logically. With the love & trust of 1,00,000+ parents, ClassMonitor has been awarded as the “Best Ed-Tech Organization for holistic home learning programs for children between 1-8 years.”