Yellow Class Raises $6M In Series A Investment
- ByAyushi Ray | August 17, 2021
Edtech Startup Yellow Class raises $6M in Series A investment, which was led by Elevation Capital along with India Quotient, Titan Capital and First Cheque, which were Yellow Class’s previous investors. This funding round also saw participation from other investors such as Vidit Aatrey (Co-founder, Meesho), Alok Mittal (Founder, Indifi), Vivekananda Hallekere (Co-founder, Bounce), Maninder Gulati (Global CSO, OYO) Abhinav Sinha (COO, OYO), Dhruv Agarwala (CEO, PropTiger) and Alvin Tse (Country Director, Xiaomi Indonesia ). The startup will now use the funding to improve their product experience for both parents and children, and develop more holistic content, build brand awareness, hire for more people in their team across the product, technology and engineering verticals, and drive expansion in over 500 cities in India and international markets.
Anshul Gupta and Arpit Mittal, Co-founders, Yellow Class, in a joint statement said, ”In the last 10 years, there has been an exponential rise in the time spent by children passively consuming online content—which is extremely harmful to their growth. Studies have shown that more than 100 million Indian kids below 13 years of age spend an average of 100 hours per month on YouTube and other similar platforms.” Yellow Class was founded in 2020, since then the company has provided free extracurricular and co-curricular classes, made learning classes fun for children in the 3-12 years’ age group, across over 40 categories like art, craft, dance, yoga, general knowledge, and logical reasoning to name a few. When Anshul and Arpit launched the company they had the sole purpose of improving accessibility of extracurricular classes to all the budding young learners. The platform’s online mode makes it easier to learn from home.
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