Edtech platform Kreedo has Raised Rs 10 crore in Debt Funding

Edtech platform Kreedo Early Childhood Solutions has raised Rs 10 crore in debt funding from Recur Club, a platform that helps startups and SMEs access debt.

Earlier, Kreedo raised $4 million in Series A funding from Heritas Capital and UBS Optimus Foundation to improve learning systems.

Purpose of fund raising 

The new funds will help Kreedo grow, improve its products, and expand across India.

Founded in 2012 by Mridula Shridhar and Manikandan Krishnan, Kreedo offers a non-franchise solution for preschools and schools in India. Its curriculum focuses on helping children develop skills like literacy and numeracy through play-based learning.

The platform's curriculum follows the idea that children learn best by moving from practical activities to theoretical concepts. It uses a mix of indoor and outdoor games and toys to help children explore and develop skills.

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Based in Bengaluru, the company focuses on improving education in over 350,000 affordable private schools across India, which serve low-income families and charge less than Rs 30,000 a year. Kreedo says it has achieved an impressive 35% year-on-year revenue growth for the past three years.

Eklavya Gupta, co-founder & CEO of Recur Club said, “It has been a pleasure working with Manikandan and witnessing Kreedo’s incredible growth journey over the past couple of years. Their intelligent approach to capital management has enabled them to hyperscale effectively while preserving significant equity.” 

Kreedo may compete with other companies in the same field, such as Kinderly, Seed Schools, Sudiksha Knowledge Solutions, Blue Blocks, and Hello Kids.

Recur Club is a platform that helps companies raise debt funding tailored to their needs with the help of a capital expert. The platform plans to provide Rs 2,000 crore in debt funding to startups and SMEs through Recur Scale, and Rs 1,000 crore to MSMEs through Recur Swift this year. It has supported startups like Ustraa, Rage Coffee, Moveinsync, Keka HR, and Xoxodays, and competes with other debt financing platforms like GetVantage, Velocity, and Klub.

About Kreedo

Kreedo offers a full solution for setting up and running a preschool, including services like naming the school, marketing, layout, admissions, curriculum, educational materials, and training for teachers and owners.

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