PurpleTutor, a live online coding platform for children, has raised INR 10 crore (US$ 1.25 million) in its Series A funding round from Disruptors Capital, IvyCap Ventures, HCL co-founder Arjun Malhotra, and others.
The Mumbai-based EdTech startup said the capital will be used to build its product offering and strengthen its AI product.
Founded by IIT Bombay alumni, Gaurav Perti and Yatish Gupta, in 2019, PurpleTutor focuses on building problem-solving and logical skills in children in the age group of 6 to 18 via live online classes. The startup believes that with the changing future of jobs, children need to be armed with the right skill sets and that developing skill sets such as problem-solving, logical reasoning, creativity, and critical thinking early on in children will make them future-ready.
Speaking about the platform and how the latest funding will help the company, Gaurav Perti, Co-founder & CEO of PurpleTutor, said,
"Our artificial intelligence in live classes is a very unique product, and it helps to personalize classes at the same time helping teachers. The current fund raise will help us strengthen our technology and product teams, and build on our AI product even further and expand product lines."
PurpleTutor deploys certified Computer Science teachers to deliver its curriculum to its learners. It claims to be the only coding platform that mandates every teacher to have a formal Computer Science degree.
Raj Juneja, Managing Partner & CIO, Disruptors Capital, said,
"We have been impressed with PurpleTutor's ability to personalize a learner's journey. Most recently, the internal results from their homegrown AI for teaching product, promises a big step forward towards personalization in EdTech and enhancing learning outcomes for students. We are glad to be a part of their journey, as they embark on this next stage of innovation in EdTech."
PurpleTutor has earlier raised US$ 300,000 in its seed round in January last year. The company claimed to have recorded a 4.5x jump in revenue (INR 10.41 crore) in FY21 compared to last fiscal year.