ClassMonitor, an early education platform providing home learning programs for kids, has raised ₹10 crore in its Pre-Series A funding round led by Frontline Strategy Funds and Khimji Family with participation from existing investors Sarvann and Calega Family Office.
Founded in 2016 by Vijeet Pandey and Vikas Rishishwar, ClassMonitor provides a home learning education platform for early learners in the age group of 0-8 years. It offers a wide range of annual learning kits, skill booster kits, and Live classes for both kids and parents as well. ClassMonitor’s holistic learning kits help children develop linguistic skills, logical thinking, sensory & motor skills, cognitive skills, and creativity.
ClassMonitor’s platform combines real-life learning experiences with curated activities supported by a detailed instructional app for parents and a rich digital resource library for children.
Commenting on the funding, Vijeet Pandey, Co-founder & CEO of ClassMonitor, said,
This is a significant milestone in our journey to become the market leader in early education. I want to thank our existing and new investors for their continued support. This is an unequivocal endorsement of our brand promise and delivery capabilities in establishing a dominant position in the early education segment. I am convinced that early childhood education in India is largely unorganized, and that a significant number of children do not have access to affordable, outcome-based quality education. ClassMonitor is well-positioned to bridge this gap and provide this segment with world-class experiential learning. The funds will be used to improve our content, technology, and distribution. We already have 2 lakh global users and are confident that we will be able to tenfold our business in the next 18-24 months.
Atim Kabra, the Lead Investor in the round, said,
We are very excited to be partnering with ClassMonitor in their journey to build a trusted bond with parents. We share the vision of ClassMonitor, led by its dynamic and visionary founder, Vijeet, to build a network of smart offerings targeted at young children that enable the parents to spend quality time with their child in a non-digital environment.
The Indore-based startup plans to use the fresh proceeds to expand and strengthen its dominance in the early education sector, by leveraging AI-ML-based technology to enhance learning experiences, establishing a large network of franchised after-school learning facilities, and expanding its distribution channels.