Get All Access for $5/mo

ClassMonitor Raises INR 10 Crore In Pre-Series A Funding Round The fund raised will be used for the expansion which includes leveraging AI- ML-based technology to enhance learning experiences for young children

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Edtech startup ClassMonitor 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. The fund raised will be used for the expansion which includes leveraging AI- ML-based technology to enhance learning experiences for young children.

"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," said Vijeet Pandey, co-founder and CEO at ClassMonitor.

The platform 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 centres, claimed by the company in a statement.

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.

"We are very excited to be partnering with ClassMonitor in their journey to build a trusted bond with parents. We share the vision of ClassMonitor, led by its dynamic and visionary founder, Vijeet, to build a network of smart offerings targeted at young children, that enable the parents to spend quality time with their child in a non-digital environment," said Atim Kabra, the lead investor.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Solutions

Let Your Projects Shine with MS Project 2021 Pro for Just $19.97

Improve efficiency and visibility with built-in reporting and tracking.

Business News

ChatGPT's Sam Altman Says This Is the One Thing Keeps Him Up at Night

Altman sat down with Oprah Winfrey to talk about his hopes, dreams, and fears for AI.

Living

Unleash Unshakable Confidence in 7 Days: The Neuroscience-Backed Blueprint

In the cut-throat business world, self-doubt can be the difference between success and failure, costing you everything.

Leadership

Most Problems Fall Into 1 of 3 Layers — Here's How to Effectively Approach Each One

In entrepreneurship, not all problems are created equal. I've found that there are three layers of problems, and each one requires its own type of solution — here's what they are and how to approach each one.

Science & Technology

Old Data Systems Are Holding Businesses Captive — Here are 7 Reasons to Embrace Modern Data Architectures

Discover why modern data architectures are essential for leveraging AI and big data. From scalability and real-time analytics to improved security and cost efficiency, explore the key benefits driving today's data strategies.