Ronnie Screwvala invests in 21K School e-learning platform
The 21K School e-learning platform has raised $ 5 million (around Rs 37 crore) in pre-series A funding from upGrad co-founder and chairman Ronnie Screwvala, the company said in a statement.
The company aims to use the funds to expand its reach to students in India and abroad, and strengthen its learning platform for data-driven instruction in all programs.
Founded in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar, 21K School is India’s first online school that offers personalized learning, according to the statement.
“The investment will help us strengthen our flexible, personalized and transparent education model, ensuring that students get the best possible learning experience,” Parasmal said.
The Bengaluru-based 21K School offers Indian, US, and International General Secondary Education Certificate (IGCSE) programs from Kindergarten to Grade 12. The platform teaches all core subjects and skill-based activities, as well as computational thinking, coding, yoga, dancing, music, and more. as part of the study program.
According to the statement, the 21K school has more than 2,750 students from more than 400 cities who are enrolled there. The goal is to increase 10X to over 25,000 to 30,000 admissions over the next academic year.
“The future of education is here and it is changing the way we think about school. 21K School will provide great value to students while disrupting traditional schools in its own space with interactive technologies that engage learners at all levels of development, ”said Screwvala.
Recently, upGrad, headed by Screwvala, announced the merger of its three subsidiaries into a single combined unit to be called upGrad Education Pvt. Ltd.
In August, upGrad Education became the third Indian electronics tech startup to become a unicorn after Byju and Unacademy.
Edtech companies have been at the forefront of fundraising and mergers and acquisitions (M&A) in the Indian startup ecosystem in 2020, and continued to grow in 2021, the statement said.