Online-only school startup 21K School has raised $5 million in a pre-Series A funding round from Ronnie Screwvala, co-founder and chairman, upGrad, per an announcement.
Founded in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar, 21K School aims to create a 100% online school offering children aged 3 to 18 years a choice of three curriculums – Indian, American and British.
The company aims to deploy the funds raised to augment its outreach to students in India and abroad and strengthen its learning platform for data-driven instruction across all curriculums. The school is targeting to scale 10X to over 25,000 to 30,000 admissions in the next academic year.
“Online schools like 21K School can offer equal opportunity and access to millions of students in India or across the globe. The investment by Ronnie will help us reach out to over 18 million Indians living abroad with an opportunity to study the increasingly popular Indian Curriculum while they continue to live overseas,” said Santosh Kumar, co-founder & CEO, 21K School.
21K School already has over 2,750 students from over 400 cities across India and 23 other countries enrolled on its platform.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced from November 25-29, 2021.
