Chiratae leads $3 Mn round in Artium Academy

Artium Academy, an online music learning and community platform, has raised $3 million led by Chiratae Ventures. Anicut Capital, Jet Synthesis and Whiteboard Capital and others have also participated.

Co-founded by Ashish Joshi, Vivek Raicha and Nithya Sudhir, Artium Academy offers music lessons and courses in the form of 1:1 live classes. Its AI enabled practice studio supplements in-person learning and tracks improvement followed by regular online performances within its Artium community of learners, teachers and maestros.

Mumbai-based Artium has roped in some well-known singers and musicians in its academic board that include Sonu Nigam, Aruna Sairam, KS Chitra, Shubha Mudgal and Ananth Vaidyanathan. Nigam has invested in the company and is also the patron-in-chief.

According to Artium, it has an agreement with Warner Music India and Global Music Junction (GMJ) to create original music content. In September last year, the startup raised $750K in its seed round led by Sonu Nigam and early-stage investors such as Jet Synthesis and Whiteboard Capital.

Music tech is one of the least funded segments in the Indian startup ecosystem. Earlier this year Beatoven.ai had raised $1 million in its seed round led by Redstart Labs and UK-based Entrepreneur First. 

As per a Reuters report, venture capital firm Chiratae is planning to raise $600 million to invest in Indian startups. In August 2021, the firm announced the final close of its fourth fund at $337 million.