Bangalore, India-based edtech startup Kreedo Early Childhood Solutions raised USD 2.3 million in pre-Series A funding. The round took place on July 4, 2022. Switzerland-based UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital and 1Crowd co-led the funding for Kreedo. Meanwhile, Innospark Ventures, IIM-CAN and The Chennai Angels participated in the financing.
Purpose of Funding for Kreedo
The latest funding will help Kreedo to diversify its operations further.
The company aims to boost its next phase of growth and expansion.
What the CEO has to say
“Our vision is to democratize quality early education. We have an overwhelming response from our partner schools, looking for the most affordable and simplest way to improve foundational learning. The new round of funding will enable us to take Kreedo to more than 7000 schools across multiple cities in India,” said Mridula Shridhar, Chief Executive Officer at Kreedo.
What the investors have to say
Dhun Davar, Head of Social Finance, UBS Optimus Foundation, said, “We see Kreedo’s business model as a unique way to create social change by making quality early education accessible to every child from lower-income communities.”
In addition, Girichandra, Partner at 1Crowd, said, “In Manikandan and Mridula, we found a team that is passionate about their cause and extremely clear on how to mitigate learning poverty in budget schools”.
Further, Pranay Adhvaryu, Head of Investments, Gray Matters Capital, said, “The pandemic has adversely impacted the already distressed early education sector, and now Kreedo is seeing tremendous traction as they address a massive learning gap which schools need help to fill.”
Mirik Gogri of Spectrum Impact said, “We are excited to be a part of their growth story and support their vision of impacting more than one million children annually in India, especially from lower-income families, by 2025.”
About Kreedo
Husband-Wife duo Mridula Shridhar and VK Manikandan co-founded Kreedo Early solutions in 2012. Both the founders are IIM Chennai alumni. The Bangalore-based edtech company provides end-to-end solutions to transform the way early learning is delivered. The firm has already catered to over 2 lakh children. Kreedo enjoys partnerships with more than 400 budget private schools and over 1500 preschools. Kreedo transforms its curriculum via the 6T Learning Framework. The company favours Play-Based Learning at its core. The 6 T approach includes learning with methodologies such as Toys, Technology, Theory (books), Teacher Training, Timetable, and Teamwork (peer learning).
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