Thu. Mar 28th, 2024
Edtech startup Kidovators raises 1.2 crores in seed fundingEdtech startup Kidovators raises 1.2 crores in seed funding

Bengaluru-based Kidovators has raised ₹1.2 crores ($180,000) in seed funding from impact investor Grey Matters Capital under its edLABS initiative. Other investors that participated in the seed funding round included M Chandrasekaran, a board member at Sylvant Advisors and former corporate advisor to the Manipal Group.

The funds will be used to scale the Kidovators programs to over 100,000 students and more than 600 partner schools in 2018. It will also be used for strengthening core content, technology and sales team.

Kidovators providing the world’s 1st 21st-century skills platform for students was founded by Priyadeep Sinha, along with Sonali Gupta. GyanLab, the parent company of Kidovators was founded in 2011. It provides dedicated programs for 21st-century skills like creativity, innovation, and critical thinking. It has been conducting India’s Biggest ‘Creativity OlympiadTM’ to help students from Class 4 – 9 to hone their creative thinking skills.

Kidovators claims to have garnered over 10,000 students since its launch at the beginning of this year. It aims to impact the lives of over 1,000,000 students by the end of 2025.

The startup had earlier raised angel funding from Luis Miranda, Former Chairman, IDFC PE and M Chandrasekaran in 2015.

Talking about the seed funding, Priyadeep Sinha, Founder & CEO of Kidovators said, “We have been constantly working to empower school going students with skills that would prepare them for a thriving future that will be dominated by automation and artificial intelligence. With our flagship programs on creative and critical thinking, we have pioneered 21st-century competencies education for K-12 students. Our constant effort is to provide the most relevant education to them.”

edLABS is Gray Matters Capital’s investment initiative that provides early-stage funding to ‘visionary edu-preneurs’ to assist them in developing breakthrough solutions for the Indian mass market. It will be committing $8 million over the next three years and looking to make 12 new investments every year.

Other edtech startups making an impact in the Indian education sector include Byju’s, Unacademy, Embibe, Toppr, Meritnation, among others.

By Varun

Startups | Books | Ideas

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