ClassMonitor an Indian edtech startup providing AI- ML-based technology to enhance learning experiences for young children, announced recently that it has raised INR 10 crore in pre-Series A funding round from lead investor Frontline Strategy Funds; Khimji Family (Muscat), along with the participation from existing investors Sarvann and Calega Family Office.
According to Vijeet Pandey, co-founder and CEO at ClassMonitor, the fresh fund will be used for the expansion which includes leveraging “This is a significant milestone in our journey to become the market leader in early education. I want to thank our existing and new investors for their continued support. This is an unequivocal endorsement of our brand promise and delivery capabilities in establishing a dominant position in the early education segment.”
Founded in 2016, by Vijeet Pandey and Vikas Rishishwar, ClassMonitor started off as a messaging platform for parents and teachers which later took the shape of a hybrid early learning tool that provides holistic learning kits for children in the age group of 0-8 years.
The platform claims that it has doubled their user base in the past 6 months and plans to work towards becoming a “first choice” early education edtech brand by 2023. The company also plans on further strengthening its dominance in the early education sector by establishing a large network of franchised after school learning centers.