India Quotient leads pre-Series A funding in edtech firm Yellow Class

Ivypods Technology Pvt Ltd, which operates hobby-focussed education-technology startup Yellow Class, has raised $1.3 million (about Rs 9.6 crore) in a pre-Series A funding round.

Early-stage investor India Quotient has led the round in the Gurugram-based startup, it said in a statement. Other portfolio companies of India Quotient include Lendingkart, Cityflo, ShareChat, and Fleetx.

Arpit Mittal and Anshul Gupta set up yellow Class earlier this year. The company says its platform provides digitally interactive classes focussed on children. It claims that more than two lakh users from several countries have joined its platform since its inception.

It will use the capital it has raised to expand its offering and product development, Gupta said. “We aim to reach a community of 2 million members by 2021, and this funding round will help us inch towards our goal,” Mittal added.