Yellow Class, a new-age fun-learning platform for kids, has raised $1.3 million in a pre-series A funding round led by early-stage VC firm India Quotient.
According to a PTI report, many marquee angels and startup founders such as Kunal Bahl and Rohit Bansal of Snapdeal, Alok Mittal of Indifi, Maninder Gulati and Abhinav Sinha of Oyo, Vivekananda Hallekere of Bounce, Alwin Tse of Xiaomi, Dhruv Agarwala of PropTiger, Pallav Pandey of Knowlarity, and Harpreet Singh Grover and Vibhore Goyal of FirstCheque also participated in the funding.
Founded in 2020 by Anshul Gupta and Arpit Mittal, Yellow Class provides engaging life skills classes for children between 2-12 years. It conducts a wide range of live hobby and interest-based classes which cover, but are not limited to, creative writing, book reading, public speaking, storytelling, dancing, drawing, painting, cooking, craft, pottery, mind, body and soul among others.
Yellow Class believes learning new things and making progress through real efforts help kids improve self-esteem, thus it provides a platform for children to perform both. The Gurugram-based startup currently has a user base from 52 countries with significance audience from India and the Middle East.
Yellow Class plans to utilize the newly-raised capital for launching more classes and developing more products.
Expressing his happiness and the company’s plans to utilize the funds, Anshul Gupta, Co-founder and CEO, Yellow Class, said,
“We are happy to be recognized and associated with India Quotient and would like to utilize the funds received towards expanding our offerings and product development.”
Yellow Class claims its classes are taught by experts who are not just teachers, but perfect mentors. The startup gives regular feedback and on-demand assistance, and allows parents to track their children’s progress.
Commenting on the investment, Gagan Goyal, Partner at India Quotient, said,
“Yellow Class witnessed quick success and has grown a huge community of parents both nationally as well as internationally. The growth of the platform is organic with mothers referring to other mothers.”
Needless to mention, India Quotient has funded a number of startups in the past across fintech, e-commerce, social networking and marketplaces and SaaS.