Edtech startup Saarthi Pedagogy has closed its Rs 30 crore pre-Series A round after raising Rs 10 crore in funding from venture capital firm GVFL Limited. The current round also saw participation from Prestige Group subsidiary Pinnacle Investments.
The startup plans to use the raised capital to ramp up the technology team, create content, and expand its sales footprint.
Founded in 2018 by Sushil Agrawal, Saarthi Pedagogy offers Learning Management System (LMS) and ERP features to mid-tier schools. Recently, The startup launched its revamped technology platform to help schools identify improvements in the learning outcomes of students and offer them personalised homework sheets.
Sushil Agrawal said, “We are laser-focused on solving the problem of 4.5 lakh budget schools that charge a fee between Rs 15,000 – 45,000. These are schools where affordability is a major concern and students are extremely value conscious, but they also require a tech-driven learning solution to make a meaningful difference in their student’s learning outcomes.”
Commenting on the investment, Kamal Bansal, Managing Director, GVFL, said, “India’s edtech market, which was valued at USD 2.8 billion in 2020, is projected to expand at a CAGR (compound annual growth rate) of 39 per cent and reach USD 10 billion by 2025, with K-12 learning solutions accounting for 41 per cent of the total market size. It gives us immense pleasure to join hands with Saarthi, which bridges the gap between grades and knowledge and delivers an end-to-end solution for schools, teachers, and students, as opposed to point solutions available in the current edtech industry.”
Source @Indianstartupnews
