Crejo.Fun, an online platform for extracurricular activities for children aged 4-14 years, has raised $3M in a seed funding round led by Matrix Partners India, 021 Capital, a VC firm backed by Flipkart co-founder Binny Bansal, and a host of prominent angel investors.
Angel investors include Kalyan Krishnamurthy (CEO, Flipkart), Sujeet Kumar (co-Founder, Udaan), Rahul Chari (co-founder, PhonePe), Sameer Nigam (co-founder, PhonePe), Kunal Shah (founder, Cred), Prashant Purker (Ex-CEO ICICI Ventures), Saikiran Krishnamurthy (Founder, xto10x), Mekin Maheshwari (ex-CPO Flipkart), Srini (Founder, TutorVista), Ankit Nagori (Co-Founder, Cure.Fit), Lalit Keshre (Founder, Groww), Anil Goteti (Ex-SVP, Flipkart), Giridhar Malpani and Gemba Capital.
Founded by IIM Bangalore alumni Vikas Bansal and Ankit Agarwal, Crejo.Fun envisions helping children discover their hidden treasures and pursue their passion by providing fun and exciting courses for extracurricular activities. The platform’s courses are designed by subject matter experts and delivered live by qualified teachers in a small group format (up to 4 children) to provide individual attention to children.
All classes are conducted in Crejo’s proprietary FunRoom – an innovative virtual classroom that leverages computer vision, animations, and gamified content to provide a “better than physical classroom” learning experience while providing tools to teachers to conduct seamless online classes from the comfort of their homes. Currently, the platform offers yoga, dance, and art & craft classes with more categories in the pipeline.
Commenting on the fundraise, Vikas Bansal, Co-founder of Crejo.Fun, said,
“Over 100 million children in India pursue different extra-curricular activities. Due to the pandemic, parents and children are now open to learning these skills online. Crejo.Fun was founded with the vision of helping children discover their hidden treasures and pursue their passions. To fulfill this vision, we provide children access to high quality teachers and courses, designed as per modern pedagogy, which will help them build their creative and cognitive skills from the comfort and safety of their homes. Additionally, we will unlock online teaching for extra-curricular activities as a career opportunity for teachers across India, enabling them to teach students globally and augmenting their income while pursuing their passion.”
The company plans to use the investment to further strengthen its team, develop product and content, and drive the overall growth of the platform.
Rajat Agarwal, Managing Director, Matrix Partners India, commented,
“The extracurricular activities for children is a $10B+ market opportunity in India alone. Demand for online learning has sky-rocketed over the last twelve months with parents looking for holistic development of their children. We believe Crejo.Fun is uniquely positioned to win in this space with their fun, interactive and product first approach. We’re excited to be on this journey with Vikas and Ankit and look forward to building a revolutionary learning platform for children.”
Crejo’s courses focus on the SPICE (Social, Physical, Intellectual, Creative, and Emotional) development of children to facilitate their holistic growth into well-rounded individuals. The platform strives to create a learning experience built around enjoyment, as they believe learning through fun is the best way to help children along the path of self-discovery.
The Bengaluru-based EdTech startup had recently raised about $3 million in its Pre-seed round from Matrix Partners India and Flipkart co-founder Binny Bansal-backed venture capital firm 021 Capital.