Edtech Startup Clever Harvey Raises $1.5 Mn In Pre-Series A Funding
It plans to use the new funds to expand its product portfolio, onboard key talent, strengthen its marketing outreach and build distribution channels within and beyond India
Clever Harvey—career acceleration platforms for teenagers—on Thursday announced that it raised $1.5 million in a pre-Series A round. The funding round was led by TechNova Ventures along with Tom Varkey & Multiply Ventures and included the company’s existing investor, Education Catalyst Fund.
“We are making ‘career discovery’ easier by giving teenagers a ‘behind-the-scenes’ exposure of various industry roles through short, immersive, and fun cohort-based programs. Students meet online in small groups of ten, with focused teacher/facilitator interaction and collaborate with peers from across the country to solve live case studies. Our programs guide teenagers in making academic and career choices that are better aligned with their interests and passion,”said Sriram Subramanian, founder and chief executive officer, Clever Harvey.
Clever Harvey, the B2C vertical of Callido Learning, had launched its flagship ‘JuniorMBA’ series of career discovery programs for teenagers last year. It plans to use the new funds to expand its product portfolio, onboard key talent, strengthen its marketing outreach and build distribution channels within and beyond India.
“We are excited to partner with Clever Harvey as they offer a truly unique proposition in the edtech ecosystem. They are tapping into a blue ocean with high-quality, differentiated, value-added products. The Junior MBA programs have received tremendous response and we are very optimistic about future growth,” mentioned Sheena Parikh, founder, TechNova Ventures andjoint managing director, TechNova Group.
In a recent development, Clever Harvey introduced several new industry-certified programs in conjunction with leading brands - ‘JuniorMBA Marketing’ in collaboration with PUMA, ‘JuniorMBA Strategy’ in partnership with Samsonite, and ‘JuniorMBA Technology’ together with Infinity Cars.
Since its inception in April 2020, the edtech platform has graduated over 6,000 students and seen strong acceptance from parents for this new category, the company shared.
“Digitisation and new tech are creating new opportunities and career streams. Clever Harvey's vision is to bridge the gap between academics and the real world. Their programs help students develop essential skills for success, like critical thinking, decision making, planning, and having an entrepreneurial mindset. This resonated well with our fund’s edtech thesis,” added Raveen Sastry, founder, Multiply Ventures.
In the next six months, the company will introduce a wider range of ‘JuniorMBA’ subjects and industry-partnered programs for teenagers, scale its reach through multiple distribution channels and expand to global markets.