Edtech entrepreneur Akash Chaudhary’s Sparkle Adventure has raised $4 million in seed funding from Nithin Kamath’s Rainmatter Foundation and Zomato’s Dipendra Goyal, founder Akash Chaudhary said. your story.
The development was first reported by The Economic Times.
The equity round was raised a few months after Sparkle Adventures launched its platform in October, which offers one-on-one online tutoring classes to students in grades six through 12 on the IB and Cambridge curriculum. It aims to build a student base for the academic year 2025-2026.
“I believe this is an area of education that, in my personal experience as a parent and knowing many parents struggling to find good teachers in the IB, is underserved. This is because the IB curriculum in India is a fairly new phenomenon and many people are used to it.” “Teaching the IB framework for teaching CBSE, ICSE or state boards is a difficult problem to solve,” Choudhary said.
“This market also has a high paying capacity and allows us to run a one-to-one program, which requires high economics,” he added..
Founded by the founders of Aakash Institute and MeritNation, the company is also awaiting paperwork from some other investors and plans to close the round in January 2025.
While the final details on whether or not Goyal or Kamath will join the board are still pending, the seed round will bring smart consumer tech leaders like them to Captable and leverage their wisdom, their experience, and their Aims to understand and use the approach to build Sparkle. Chaudhary clarified.
The Delhi NCR-based company plans to use the latest infusion to recruit teaching talent on board, tap AI capabilities and build its technology infrastructure for marketing and brand building.