Children's online learning platform QShala raised Rs 2.7 crore in angel funding, led by Zerodha-backed start-up incubator, and fund Rainmatter Capital.
The funding round also featured other notable angels, including Mindtree co-founder Kalyan Banerjee; CTO of Qwikcilver Solutions, Sanjay Tamboykar; Shrek, Cyril Amarchand Mangaldas, Avinash Umapathy, are among other notable angels.
The six-year-old startup works with children across all ages and helps them acquire a lifelong learning mindset, through the process of quizzing, while allowing them to build a clearer and deeper understanding of the world around them.
QShala, owned by Walnut Knowledge Solutions Pvt. Limited., also conducts the QShala Family Quiz, which has seen over 8500 families participate till date.
“We believe that the QShala curriculum, learning experience, and platform meet the need to develop skills and abilities in young minds, and nurture and nurture their imagination and curiosity with an emphasis on content that goes beyond the school textbook curriculum," said Raghav Chakravarthy, co-founder, QShala.
"It is important that children develop critical and lateral thinking from an early age beyond the classroom setting in today's world. We are moving rapidly towards self-learning, where they will have to develop a set of skills that are really required for employability in the future. We have always been big believers in the philosophy of constant upskilling and retraining," said Nithin Kamath, founder, and CEO, Zerodha.
Zerodha's Rainmatter Capital is increasing its investment in early-stage startups. Until November last year, the fund had invested in more than 14 startups. Some of his notable investments include the equity investment platform, Small case; Futures and options trading platform, Sensibull, among others.
This year alone, Rainmatter has already invested in ed-tech venture Terra.do; aggregator for bonds and debentures, GoldenPi; Employee focussed social network, Mesh; A live streaming platform focused on fitness, ImStrong among others.
In July this year, the Federal Cabinet approved the new National Education Policy (NEP), which suggested a lot of changes in the educational environment of India.
“We are meeting similar needs that were identified and summoned in the newly released National Education Policy, 2020. QShala is designed to address each child's inherent curiosity quotient, and we are very fortunate to have a very talented and an eclectic bunch of team members, who do deep research work using to create content for the QShala programs which includes quizzes, focus sessions, and interactive programs related to acquiring life skills,” said Chakravarthy.
QShala's programs begin with children from class 1 onwards as the company seeks to meet the needs of children across the country and the world.
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