English edtech startup Freadom raises $2.5 Mn

Edtech startup Freadom has raised $2.5 million in a round led by Capital A. Bollywood actor Tiger Shroff, BharatPe founder Ashneer Grover, VMart Retail founder Lalit Agarwal, and Global PayU CFO Aakash Moondhara and others have also participated.

Prior to this round, the Gurugram-based startup had raised $2.5 million in a bridge round in November 2020.

The funding will be invested in product, distribution and to further strengthen Freadom’s vertical presence across stakeholders for English as a second language, said the company in a press release.

Founded by Kavish Gadia and Nikhil Saraf in 2008, Stones2Milestones, through Freadom, offers a learning platform to help children aged between three and 12 improve English reading, speaking and conversation skills.

The company aims to reach 50M users worldwide by 2023.