This Week in Deals — May (Part 2)
Between May 16, 2022 and May 31, 2022; we saw five companies in the Indian EdTech space getting funded. Companies that got funded came from diverse segments such as Upskilling, K-12, and Early Education.
Who Got a Slice?
- QwikSkills (Seed, $500K): Founded in 2020, QwikSkills is a subscription-based practice platform offering upskilling programmes in cloud computing. The seed round was led by Indian Angel Network.
- Jovian (Seed, $1.5 Million): Jovian offers beginner-friendly data science and machine learning courses. Its hiring partners include companies such as Decathlon, Deutsche Bank, Octro Citizens, Spinny, Arka Ventures and Axilor Ventures. The seed round was led by Multiply Ventures, with participation from Y Combinator, Better Capital and other angel investors.
- SpeEdlabs (Pre Series A, $2.5 Million): Founded in 2016, SpeEdLabs tutorials/test-prep to schools/businesses in the K-12 and test prep segment. The round was led by 35 North Venture with participation from Mumbai Angels, LetsVenture, Ecosystem Ventures, Ah Ventures, SucSeed Ventures and a few family offices.
- Wizklub (M&A, $10 Million): WizKlub offers skill training for school children of age 6–14 years through its Hots (Higher Order Thinking Skills) and Smarttech programmes. Infinity Learn invested $7.5 million to pick up a 75% stake in the company.
- Miko (Debt, $13.3 Million): Founded in 2015, Emotix develops educational and recreational robot toys for children under the Miko lineup. Miko is India’s first companion robot. The robot maker raised INR 100 crore or $13.3 million in debt from Stride Ventures.
Globally, Foondamate (Doubt Solving), Binar Academy (Online Bootcamps), and STEMuli (Web3 Classrooms) raised funding.
Watch this space for more on EdTech, Education, and everything in between.