Indian edtech platform Kyt has raised $2.5 million in a funding round from Sequoia Capital India’s Surge to expand its extracurricular learning services. The edtech platform is part of the fourth cohort of Surge, a bi-annual rapid scale-up program run by Sequoia Capital India for startups across Southeast Asia and India.
With the investment, the startup plans to add more courses, including chess, various musical instruments, public speaking, creative writing, and being a content creator.
Founded in June 2020, Kyt provides live online lessons to children from 5 to 15 years old. Up to date, more than a thousand students have taken a course or attended workshops with the platform, and there are more than 20 teachers onboard.
The platform offers Kyt Academy and Kyt Workshops. Kyt Academy includes courses designed for children who have a passion for and specific areas of knowledge outside of traditional curriculums, such as yoga, language, reading, and dance. Kyt Workshops are one-time classes suitable for children who would like to explore different interests and try multiple classes, including cooking, magic lessons, animation, rap, and poetry.
“The future of education is a hybrid of online and offline learning, and the market size for primary and secondary extracurricular learning is estimated to be $10 billion in India alone and around $200 billion globally. While most learnings used to happen in physical spaces, there will be rapid adoption of online learning even beyond COVID-19, as these well-structured curriculums will build strong global communities, encouraging children to remain engaged over time,” Bhavik Rathod, Co-founder and CEO added.