- Edtech startup Kreedo has raised $2.3 Mn in its Pre-Series A funding round.
- Using a unique 6T teaching framework, Kreedo changes the curriculum by including toys, technology, theory, teacher training, a timetable, and collaborative learning.
- The company competes with BYJU’s, Vedantu, Unacademy, and Eruditus in the edtech sector.
Edtech startup Kreedo has raised $2.3 Mn in its Pre-Series A funding round. The funding round was led by Switzerland- based UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital and 1Crowd. Even investors including Innospark Ventures, IIM-CAN and The Chennai Angels were part of the round.
Kredo was Founded in 2012 by husband-wife duo Mridula Shridhar and VK Manikandan. It helps K-12 schools improve enrollments and create curriculums. Even it helps in setting up new pre-schools and transforming day-cares into preschools.
With these funds, Kreedo plans to expand business and form partnerships with schools across India.
Talking about the fundraisings, the CEO of Kreedo, Mridula Shridhar said, “Democratizing quality early education is our vision. Our partner schools have responded overwhelmingly to our request for simple ways to improve foundational learning. Greedo will now be accessible to over 7000 schools in multiple Indian cities with the help of this new round of funding.”
Using a unique 6T teaching framework, Kreedo changes the curriculum by including toys, technology, theory, teacher training, a timetable, and collaborative learning.
The head of social finance at UBS Optimus Foundation, Dhun Davar, said “Through Kreedo’s business model, we see an opportunity to create social change by enabling every child from lower-income communities to receive quality early education.”
Through its partnership with private schools and preschools, Kreedo transforms early childhood education. According to the statement, more than 400 schools and 1500 preschools have been partnered with it.
The company competes with BYJU’s, Vedantu, Unacademy, and Eruditus in the edtech sector.
A pandemic and the closure of schools and colleges have boosted India’s edtech sector in the last two years. As per a report, the edtech sector in India has collectively bagged $1.4 Bn in 2020 and $4.7 Bn in 2021. After securing huge investments in 2021, edtech startups have drastically reduced fundraising to $1.6 billion.
Recently, a few edtech startup-like Udayy and SuperLearn have shut operations.
Additionally, Westbridge and GSV Ventures have invested $100 million in Noida-based startup PhysicsWallah, which became India’s sixth edtech unicorn.
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