Gurugram-based EdTech startup Swiflearn has announced that it has raised $3 million (₹21.9 crore) in its pre-Series A funding round.
The round was led by Stellaris Venture Partners, Venture Highway, along with few angel investors including Varun Alagh (founder of Mamaearth), Ramakant Sharma (founder of Livspace), and Alok Mittal (Founder of Indifi).
It plans to use the funding to expand its team, enhance its technology, scale its operations, and gain traction in the K-10 education sector, the company said in a statement. Swiflearn is on a mission to make learning interesting, scalable, and affordable for all.
Founded in 2019 by Abhinav Agrawal and Anand Bakode, Swiflearn provides LIVE face-to-face online tuitions for CBSE and ICSE students of grades 1 to 10. The platform offers best-in-class online tuition classes for English, Maths, and Science, and other important areas of learning like mental ability, life skills, and Olympiads.
Swiflearn believes that personal attention from teachers and academic mentors is very essential for maximum learning of each student, and hence it focuses all its efforts to ensure every student receives the best possible personalized learning experience from India’s best teachers. The platform provides real live learning in small batches, with a maximum of 6 students per batch. Its teachers use the in-house developed content, pedagogy, testing tools, video conferencing solutions, interactive games, and learning tracking mechanism to deliver lessons. The startup claims to have 98,797+ students and over 740 teachers on its platform and has delivered more than 214,000 total classes to date.
Speaking about the platform, Anand Bakode, Co-founder of Swiflearn, said, “With our training capabilities, we can deliver courses such as Vedic Math, Abacus, and Money Education, which are very unique.”
Commenting on the funding, Rahul Chowdhri, Partner at Stellaris Venture Partners, said,
“While several EdTech companies are doing well for test prep or higher education space, none of them has been able to generate learning level outcomes for school-going children. The founding team comes with an education background and running a highly operational intensity business, which convinced us to back them early on.”
Abhinav Agrawal, Co-founder of Swiflearn, claimed its platform has been “growing at more than 100 percent month-on-month since the beginning of the school year in March 2021, and closed May with ₹18 crore ARR.”
Priya Mohan, Partner at Venture Highway, also commented on the investment,
“In my view, concept reinforcement by a teacher-facilitator followed by supervised revision and practice will remain key for K-12 students. Swiflearn’s value proposition rests in its strong teacher supply supported by solid pedagogy and teaching frameworks, thereby allowing parents/students to see measurable progress, which is often difficult to measure in EdTech.”
Swiflearn had earlier raised ₹7.35 crore in its seed funding round in December 2019 from Stellaris Partners, Venture Highway, and Utsav Somani of Angel List India.