Kreedo is an Edtech startup that raised Rs 10 crore in its ongoing debt funding round from Recur Club. The funding round saw the participation of the firm’s new and existing investors. The startup offers online services for monitoring students and teachers. The company plans to use these fresh proceeds to scale its operations, improve its product development, enhance its offerings, and expand its services across India.
The company offers a platform to provide solutions for schools and pre-schools. Kreedo provides a curriculum to help children develop numeracy, literacy, and other skills. The company collaborates with several private schools to offer quality content, and practical learning experiences to transform early learning delivery. The platform uses a 6T learning framework comprising teamwork, play-based learning with toys, teacher training, theory, timetable, and technology.
Since its inception, the company has secured around 6.3 million USD across two funding rounds, including $2.3 million raised from Gray Matters Capital, Spectrum Impact, and other investors during its seed funding round in 2022. Kreedo previously received an investment of $4 million during its series A funding round from Heritas Capital and UBS Optimus Foundation. The firm has over 11 institutional investors including Gray Matter Capital, UBS, and 1 Crowd.
The Bengaluru-based startup posted a 35 percent increase in its revenue for the past three years. The firm received the investment from Recur Club, a capital platform that provides companies with debt capital and a capital expert. Recur Club has investors including Rage Coffee, Ustraa, Kek HR, and more. The company competes with debt financing platforms like Velocity and Getvantage. This latest funding round highlights the Recur Club’s trust in Kreedo’s market potential and business model in this sector. The startup increased the number of children benefiting from its platform from 55,000 to 1,40,000 within one year.
The company plans to use some of this investment and expand its offerings across more geographies in India. The edtech firm focuses on improving education in 350,000 affordable private schools across the country. This investment will enable the startup to enhance its online learning platform with cutting-edge and advanced technologies. The company faces competition from other edtech platforms including KidsStar, Melrose Education, and Sudiksha Knowledge Solutions. The development came after the edtech sector saw an increased investor interest.
Conclusion :
Edtech startup Kreedo secured Rs 10 crore from Recur Club in its latest debt funding round. The round might had participation from the firm’s existing investors. The startup intends to use this fresh capital to expand its business, scale its operations, and enhance its performance capability. The company aims to introduce new categories while improving education across India.
The company provides an online learning platform for private schools and preschool students. The edtech startup raised around 6.2 million USD from two funding rounds since its inception, excluding the latest funding round. Kreedo securing this amount highlights the investor interest and market potential of the firm. The investment shows the trust of Recur Club in the company’s market potential and business model.
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