Logic Roots is a platform which is reinventing the way how K5 kids study math through its interactive and fun learning games. The startup is currently based in Jaipur and the founders Kunal Gandhi and Gunjan Agarwal, both happen to be graduates of IIT Bombay. Project Mudra, on the other hand, is engaged in building connected hardware that enables visually impaired students to read, write, and type Braille with minimal teacher intervention. It was founded by four BITS Pilani alumni namely Aman Srivastava, Sanskriti Dawle, Shaikh Saif and Dilip Ramesh.
Logic Roots and Project Mudra will receive investment of $50K each from Village Capital. They were selected as the ventures with the highest potential to scale in accordance with Village Capital’s ‘peer selection’ model. Entrepreneurs in each Village Capital program evaluate each other across eight indicators of investment readiness to select two among them for investment at the end of the program.
Village Capital Education India 2017: An Overview
Village Capital is a global venture capital firm that finds, trains and invests in entrepreneurs solving real-world problems. On the other hand, Omidyar Network is an investment firm that helps scale innovative organisations to catalyse economic and social change. The programme was completely funded by the latter.
The overall motive behind the initiative is to help the startups solving the problems in Indian K-12 Education. India has the largest K-12 student population in the world, with over 260 Mn children enrolled in schools across the country. While access has improved over time, educational outcomes remain poor for a majority of these students, ultimately affecting their earning capabilities and long-term well-being.
Deepak Menon, Village Capital’s Regional Manager in Asia said, “The entrepreneurs participating in this program share a common vision – improving learning outcomes for students in India. Education is one of our investment themes globally and we’re excited about Omidyar Network’s support to help these ventures achieve business growth and scale.”
Further, Roopa Kudva, Partner and Managing Director of India at Omidyar Network also added, “Improving education quality is an important area of focus for Omidyar Network. We are supporting the entrepreneurial ecosystem through our partnership with Village Capital and others to accelerate the performance of high potential education startups that are developing innovative and scalable solutions.”