Saarthi Pedagogy, a startup that focuses on India’s K-12 education system by helping affordable schools bridge the digital gap through an innovative technology platform, has raised INR 16 Crore (around $2.1 million) in its pre-Series A funding round led by Pinnacle Investments.
Pinnacle is the family office of promoter Irfan Razack and Chief Executive Officer (CEO) Venkat K Narayana of the real estate group Prestige.
The Ahmedabad-based startup plans to use the fresh capital to improve products, ramp up the technical team, create content, and expand the company's sales reach.
Founded in 2020 by Sushil Agarwal, Saarthi Pedagogy, positioned as ‘rote-free learning’ next Gen school is a B2B focused EdTech company offering a product that blends school curriculum, technology, teacher training, and pedagogy on a single platform. It also provides 360° solutions to schools through the customized academic content mapped with AI Backed LMS and modern ERP features. The aim is to eliminate the need for the after-school tuition classes, which in return saves thousands of rupees for parents and valuable time for students.
Saarthi Pedagogy is on a mission to empower the schools technologically to bridge the learning gap and attain rote free learning outcome.
Talking about the platform, Founder and CEO of Saarthi Pedagogy, Sushil Agrawal, said,
"We look forward to building a sustainable and capital-efficient edtech business that will truly impact the lives of millions of students studying in affordable schools in India."
The startup claims to cater to 850 schools and 85,000 students and expects to sign up around 2,000 schools and 2,00,000 students for the academic year 2022-23.
Chief Executive of real estate group Prestige, Venkat K Narayana, added:
"The need for technology in the educational sector has burgeoned and will develop further in the coming years."
The company's vision is to digitize the future of Indian education to make learning more accessible and independent.
Last year in June, Saarthi Pedagogy had raised $1 million (around INR 8 crore) from JITO Angel Network, LetsVenture, Ecosystem Ventures, among other investors. The company is currently valued at INR 160 Crore.