Edtech startup ClassMonitor raises Rs 10 Cr in pre-Series A round

ClassMonitor, an edtech startup providing home learning programs for early learners in the age group of 0-8 years, has raised Rs 10 crore in its pre Series A round from Lead Investor Frontline Strategy Funds; Khimji Family (Muscat) and participation from existing investors Sarvann & Calega Family Office.

The Indore-based platform will use the fresh funds for expansion and strengthening its dominance in the early education sector.

Founded in 2016 by Vijeet Pandey and Vikas Rishishwar, ClassMonitor started off as a messaging platform for parents and teachers which later took the shape of a hybrid early learning tool that provides learning kits for children in the age group of 0-8 years.

The platform claims to have doubled their user base in the past 6 months. It further plans to complement its physical presence with digital channels including YouTube which they have recently launched.

Funding in the edtech space saw a steep fall from $5.82 billion in 2021 to $2 billion in 2022 till August 15, according to our data intelligence platform Fintrackr. In the past two months, Adda247 raised $35 million, Sunstone and Bhanzu raised $35 million and $15 million rounds respectively.