Kalaari Capital and East Ventures joined up with the Indian edtech company Creative Galileo to fund US $7.5 million in a Series A investment. This raises the company’s total funding raised to US $10 million.
Prerna Jhunjhunwala and Nikhil Naik founded Creative Galileo to promote inclusive and egalitarian education. Its early-learning platform serves children from ages three to ten.
According to Creative Galileo, the only early learning platform to rank among the top 20 educational applications in India’s Play Store, with 7 million downloads and 700,000 monthly active users.
The company intends to develop throughout Southeast Asia in the future and will do so by partnering with foreign businesses like EBS Korea. Additionally, it plans to utilize the capital from this round to expand its company, hire employees abroad, add regional languages to its platform, and boost its R&D.
The new hike coincides with predictions that the worldwide edtech market will increase to US$319.7 billion by 2029 at a compound annual growth rate of 17.8%.
