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Edtech startup Creative Galileo raises $2.5 mn in seed funding
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SME Times News Bureau | 14 Oct, 2021
EdTech start-up Creative Galileo announced it has raised
$2.5 million. The round was led by Kalaari Capital with an investment
of $2.1 mn and remaining from well-known angels, such as Harish Bahl,
Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar
Malpani.
The capital will be used for scaling, product
development and enhancement, creating new engaging content, forging
partnerships with leading animation houses, and hiring talent.
Creative
Galileo is one of the fastest growing early learning apps in India with
record breaking more than 4 million downloads in the first 12 months of
its launch. With a monthly active user base of over half a million, the
App has become popular among kids and parents for its innovative
approach. The App weaves together the best of education and
entertainment to create personalized, integrated learning experiences
for young minds. It accelerates a child's development through narrative
videos, gamification and personalized learning journeys.
Apart
from the Indian subcontinent, the App is also gaining traction in
international markets, with 10 per cent downloads recorded from Nepal,
Bangladesh, UAE, USA and other countries.
Announcing the
funding, Prerna A. Jhunjhunwala, Founder, Creative Galileo, said, "We
are excited to partner with Kalaari Capital, the CXXO initiative, and
angel investors on our growth journey ahead. Our vision is to provide
millions of children with access to high-quality content for learning in
the early years for a solid foundation while keeping the process fun.
The funding will help us add more famous Indian and International
characters and languages, hire talent, scale-up and forge new alliances.
This will further fuel our efforts in creating more personalized,
inclusive and relatable content helpful in a child's development in the
early years."
According to a recently published report by
UNESCO, over 800 million learners from around the world do not have
access to quality education. Creative Galileo's 'Kids Early Learning
App' was launched to make learning accessible especially for the early
learning segment which represents an under-penetrated and under-invested
sector.
"At Kalaari we believe that technology in learning can
bring unmatched access and affordability and improve literacy for a much
larger target segment. Technology as a means of transformation led by
passionate founders designed for the next generation of young digitally
native learners is what Creative Galileo stands for," said Vani Kola,
Managing Director, Kalaari Capital. "When we met Prerna and Nikhil, we
truly saw them as shapers of a digital tomorrow building the EdTech
solutions for global learners of the future. We are also proud that
Creative Galileo is our first investee from our flagship CXXO Program
that we launched earlier this year."
CXXO is a Kalaari Capital
initiative that seeks to level the playing field for female founders in
India's start-up ecosystem. The initiative focusses on access to capital
and brings together a community of women achievers across different
sectors to provide mentorship to future leaders.
Creative
Galileo is co-founded by Prerna A. Jhunjhunwala, and Nikhil Naik, ex
Vuclip. The edtech company currently has tie-ups with Big Animation,
Amar Chitra Katha, Periwinkle, Shermaroo, Toonz Animation and many
industry leaders providing quality content, gamification and interactive
learning journeys for children.
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