India and Singapore headquartered edtech startup Kyt has raised $2.5 Mn led by Sequoia India’s scale-up programme Surge. It saw participation from Titan Capital, along with other angel investors including Kunal Shah, Amrish Rau, Jitender Gupta, Allen Penn and Martin Li.
With the raised capital, the company plans to expand its online first, global academy for extracurricular learning.
Kyt is also a part of the fourth cohort of Surge programme by Sequoia Capital India.
Founded in June 2020, by husband and wife duo Bhavik Rathod and Tripti Ahuja, Kyt is an online-first global academy focussing on extracurricular learning for children.
Kyt offers two learning approaches for children: Kyt Academy and Kyt Workshops. Kyt Academy courses usually span a period of up to 12 weeks and are ideal for children who are passionate about specific areas and want to develop their skills. Subjects include voice lessons, dance, yoga, language and reading.
“Tripti and I started Kyt to build something for our daughter. After speaking to several parents, we realised that there is a much larger need to provide high-quality courses that focus on the holistic and all-round development of the child, beyond just academics. With a strong team of curriculum designers, pedagogy experts and education consultants, we embarked on this vision to build an online-first, global academy for extracurricular learning for kids,” says Bhavik Rathod, cofounder & CEO, Kyt.
The platform claims to have more than 20 teachers on board, with plans to increase this to 500 over the next 12 months. Kyt plans to add more courses, including chess, various musical instruments, public speaking, creative writing, and how to be a content creator, the company said in a statement.
“The future of education is a hybrid of online and offline learning, and the market size for primary and secondary extracurricular learning is estimated to be $10 Bn in India alone and around $200 Bn globally. While most learnings used to happen in physical spaces, there will be rapid adoption of online learning even beyond Covid-19, as these well-structured curriculums will build strong global communities, encouraging children to remain engaged over time,” Rathod added.
Edtech has always been pegged as a great equaliser that could deliver access to good education in remote areas. According to Inc42 Plus analysis, the market size of edtech in India is estimated to grow 3.7x in the next five years, from $2.8 Bn (2020) to $10.4 Bn (2025).