Pre-Series A round financing for ClassMonitor totals Rs 10 Cr.
- ByStartupStory | November 30, 2022
ClassMonitor, an edtech startup, has raised Rs 10 crore in a pre-Series A round of funding from Frontline Strategy Funds, which served as the round’s lead investor, Khimji Family (Muscat), and existing investors Sarvann & Calega Family Office.
The startup plans to use the funding to improve learning opportunities for young children by utilising AI-based technology. Children will benefit from a more in-depth, immersive learning experience thanks to this special hybrid offering, which combines its premium learning kits with experiential learning based in the Metaverse.
The business also intends to expand its early education market dominance by opening a sizable network of franchised after-school learning facilities. Additionally, it intends to expand its distribution by adding new channels, such as offline stores and schools, and diversify its market appeal with a focus on the UAE markets.
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