Kerala-based edtech startup Eight Times Eight raises $5 million in pre-seed funding
- ByStartupStory | November 1, 2022
Six international-level chess players from colleges created Eight Times Eight in 2020, and on September 19, 2022, the company raised $5 million in pre-seed capital. The money will go into expanding operations and sales, speeding up product development, and adding more team members. The money will also be utilised to improve the technological stack and expand the learning management system. In a planned move to transition to hybrid mode with the same, Eight Times Eight plans to open physical centres.
Students in more than 20 different countries can currently take live, interactive chess lessons from the startup. A gorgeous chess board, a chess workbook, and animated chess films will be included in India’s first-ever chess kit, which will make learning the game interesting and exciting.Their ambassador, Grand Master SL Narayanan, a former India No. 4, Commonwealth Silver medalist, and part of the Indian Olympiad Chess Team, has created the curriculum for the Eight Times Eight workbook.
Chess is more than simply a game; it’s a crucial life skill that has the power to subtly change people’s lives. On and off the playing field, it may produce champions. The money we’ve received will undoubtedly help us realise our goal of making chess more widely popular. The domain experience we have in this area will undoubtedly be useful as we establish a global community, according to Abhijith, CEO of Eight Times Eight.
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