Codevidhya, an EdTech startup that provides online coding classes for kids, has raised an undisclosed amount in its seed funding round from Rajasthan Venture Capital Fund (RVCF), Digital Futurists Angels Network, and angel investor Vinay Choudhary.
The Jaipur-based startup plans to use the fresh capital to expand to other countries, add new courses in the curriculum for skill development, and enhance its technology and product team.
Founded in 2016 by Shivram Choudhary, Codevidhya aims at creating next-gen prodigies by providing a knowledgeable yet fun-filled platform for young learners to ace the skill of coding. The startup believes that coding is the most appropriate tool to invigorate skills such as logical reasoning, problem-solving, creative thinking, and others. The platform currently offers courses in multiple programming languages including scratch coding, app development, web development, python, and artificial intelligence.
Codevidhya currently has over 35,000 learners on its platform and it aims to grow its students and trainers community with the best of courses and curriculum.
Speaking about the company and its achievement, Shivram Choudhary, Founder & CEO of Codevidhya, said,
"We mentor young learners to thrive in this new world with an education that equips them with future skills and raises awareness to become the architects of their own lives. Codevidhya has seen significant growth month-on-month since its launch. It currently generates over 70% of its revenue from international customers. The brand is further looking to add 100,000 new students to its platform within a year."
According to Choudhary, teaching coding to children has become a need. He said that coding is much like any other language that a child needs to know in order to stay up with changing landscapes and better grasp the world of technology.
RVCF, the lead investor of the round, said in a statement,
"Students today are evolving in a digital world and they must be given this technical exposure from a very young age so that they are at par with the ever-evolving technological landscape across the globe. Codevidhya is the catalyst to bring about this transformational change in the learning landscape and the platform has a long way to go. With the funding, we are hopeful that the brand will further its expansion and will revamp the global learning landscape, thereby shaping a better world."
Vivek Gupta, Director, Digital Futurists Angels Network, said at 20% CAGR globally, the global education technology market for 2021 is estimated to be $106 billion and he believes Codevidhya will play a pivotal role as India reaches $30 billion in the next ten years in EdTech.