A mumbai-based live upskilling platform for kids, BeyondSkool, has raised $2 Mn in a seed round from early-stage strategic investment fund Tomorrow Capital to enhance its business operations.
BeyondSkool plans to use this funding to expand its product offerings and maximize technology integration for enhanced learning. Furthermore, it will look to create high impact marketing campaigns to attract more users, expand its team across verticals, and build a state-of-the-art live online learning platform.
Founded in August 2020 by Payal Gaba and Atul Chugh, BeyondSkool is an edtech startup that offers upskilling courses for kids in order to keep them up-to-date with ‘new world careers’. The company lays stress on higher-order thinking skills of logical reasoning, critical thinking, articulation, innovation, decision-making and collaboration to create problem solvers, innovators and influencers.
The company offers different types of ‘Primary Years Enrichment Programme’ to integrate intelligence quotient (IQ), emotional quotient (EQ) and cultural intelligence (CQ). This includes STEM innovation, logical math problem solver, leadership communication and world languages.
BeyondSkool follows a rigorous five-step selection process to ensure effective learning — telephonic interview, live demo class, final interview by head of academics, training and development and post training demo.
“We will leverage this capital infusion to fortify our technological capabilities, enhance our product offerings, and expand our business operations across nationally and internationally,” the startup’s cofounder Gaba said.
According to Inc42 Plus estimates that the Indian edtech market is poised to touch $10.2 Bn in the next five years. The report highlights that the K-12 learning solution is expected to grow 3.7x to account for 41% of the total edtech market size by 2025, with coding and other STEM-related skills driving user adoption.
The momentum for edtech startups increased in 2020 due to lockdown and other restrictions. The segment raised $1.4 Bn funding in this span, compared to $1.8 Bn raised between 2014 and 2019.