India’s fastest-growing pedagogy company providing an edge to deliver quality education across all major boards, Saarthi Pedagogy has recently announced that it has raised INR 10 crore from venture capital firm GVFL Limited, marking the final close of its Pre-Series A round at $3.7 million (around INR 30 crore).
The round was also joined by Prestige Group subsidiary Pinnacle Investments. With this fundraising, the Ahmedabad-based startup plans to work for product enhancement, the ramp-up of the technology team, content creation, and expansion of the sales footprint.
Started by Sushil Agarwal in 2018, Saarthi Pedagogy provides learning management solutions for educational institutions to identify improvements in students’ learning outcomes. The platform also offers to personalize and bring ease to the teaching and learning experiences based on the learner’s needs. The company’s mission is to empower schools technologically to bridge the learning gap and attain rote-free learning outcomes.
Speaking about the company, Founder & CEO of Saarthi Pedagogy, Sushil Agrawal, said:
We are laser-focused on solving the problem of 4.5 lakh budget schools that charge a fee between Rs 15,000 – 45,000. These are schools where affordability is a major concern and students are extremely value conscious, but they also require a tech-driven learning solution to make a meaningful difference in their student’s learning outcomes.
The firm claims to have catered to over 1,500 schools and 2,00,000 students. It expects to sign up over 5,000 schools and 8,00,000 students for the academic year 2023–24, a growth of 5 times from the academic year 2021–22. Saarthi Pedagogy’s vision is to digitize the future of Indian education to make learning more accessible and independent.
Earlier this year, the EdTech company launched its revamped technology platform that enables educational institutions to identify improvements in the learning outcomes of all students. The updated technology platform has been well received, and it now allows school administrators to track the progress of each student and teacher, the company said in a statement.
Commenting on the investment, Managing Director of GVFL Limited, Kamal Bansal, said:
India’s EdTech market, which was valued at $2.8 billion in 2020, is projected to expand at a CAGR of 39% and reach $10 billion by 2025, with K-12 learning solutions accounting for 41% of the total market size. Saarthi is India’s fastest-growing K-12 pedagogy company that provides 360° solutions to affordable schools through their customized academic content mapped with AI Backed LMS and modern ERP features. It gives us immense pleasure to join hands with Saarthi which bridges the gap between grades and knowledge and delivers an end-to-end solution for schools, teachers, and students, as opposed to point solutions available in the current EdTech Industry.
Last year in March, Saarthi Pedagogy raised about $2.1 million (INR 16 crore) as a part of its Pre-Series A funding round led by Pinnacle Investments. Prior to that, it had raised $943,000 (INR 7 crore). The funding round was led by Ecosystem Ventures, with participation from other investors, including LetsVenture, JITO Angel Network, and other marquee angels. The startup’s latest investment brings its total raised to $4.7 million.