Avishkaar Raises Funding Rs 5 Cr From Auxano, Mumbai Angels, Others
- ByStartupStory | June 1, 2021
New Delhi-based edtech startup Avishkaar raises funding Rs 5 Cr in pre-Series A round. Auxano, Mumbai Angels, Alok Mittal, angel investor & Co-founder and CEO, Indifi Technologies; and Varun Aggarwal, Co-founder, Aspiring Minds, participated in the funding round. Avishkaar raises funding for product development, hiring talent, and user base expansion across Tier I and Tier II cities.
“Last year was tough. But I believe we anticipated the situation well, played to our strengths, and used our data-driven decision making capability and existing schools network to reach out directly to our end consumer, which helped us continue with our growth,” said Tarun Bhalla, Co-founder and CEO, Avishkaar, said in regard to Avishkaar raises funding.
The company shifted gears to focus on a D2C (Direct to Consumers model) model through its existing school network and ecommerce channels. As claimed by the company, this shift in strategy has accelerated the brand’s growth by more than 5 times in the last year.
Further, Brijesh Damodaran Nair, Founder & Managing Partner, Auxano, presented his view on Avishkaar raises funding “Having launched new product lines along with creating new verticals, strengthening the leadership and operational teams, Avishkaar is poised to reach greater heights.”
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