Inflection Point Ventures, EvolveX fund pre-seed round for Maidaan
- ByStartupStory | January 5, 2024
Maidaan, a social edutainment platform, recently concluded an undisclosed pre-seed funding round, primarily led by Inflection Point Ventures and EvolveX, with support from We Founder Circle. The capital infusion aims to fuel product development, content innovation, and the enhancement of gaming and tournament formats, as highlighted in an official release.
Distinguishing itself through live, bite-sized olympiads and tournaments, Maidaan seeks to transcend conventional educational boundaries, fostering a community and educational exploration beyond traditional schooling. Rahul Wagh, managing director at Inflection Point Ventures, emphasized, “Maidaan addresses this by integrating learning into interactive games and quizzes, challenging the conventional notion that education is limited to the classroom.”
The platform’s goal extends beyond standard academic learning, aiming to empower over 100 million Indian students from an early age.
Judhajit Bal, co-founder and CEO of Maidaan, remarked, “Beyond the top 5% elite in India, millions of students don’t get a chance to experience a world beyond the walls of their schools before Class 12, reducing the potential of social mobility. The only way to solve this is to make exposure-beyond-school truly accessible and affordable in a language and format that students understand and speak themselves.”
Maidaan’s pilot version has already engaged students from 100+ schools across 25+ cities in India, initiating strategic annual and quarterly collaboration plans with schools, particularly focusing on Pune for initial expansion.
Asserting its achievements, the platform maintains robust user retention rates through pivotal strategic collaborations with schools on annual and quarterly levels. Highlighting the market potential, it’s projected that the age group of 5-15 in Middle-India households will exceed 100 million children by 2030.
Additionally, the supplemental learning segment, extending education beyond schooling, is estimated to reach a market value of $5 billion in India by 2030.
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