Digital academy for extracurricular activities Bambinos.live has raised $500K as part of its seed investment round from HNI and Angels including Ankit Nagori – Co-Founder of Cure.Fit & CEO of Eat.Fit, Neeraj Aggarwal – Co-Founder & COO Xto10x, Abhishek Nag (Angel List), Director of Business Development, Netflix India, and family fund of MEL.
Bambinos.live was founded in June 2020 by Ashish Gupta and Ankit Hetamsaria, who both have over 15 years of experience in education and in the EdTech space. It offers 40+ live interactive online courses to kids across visual arts, personality development, dance, music, & communications for children in the 4-12 years age group. The company claims to have successfully onboarded more than 15,000 students on its platform in less than a year.
Ashish Gupta, Co-Founder & CEO of Bambinos.live, said,
“In the last ten months, we've observed a surge in parent’s demand for extra-curricular activities for their children. There are currently 15000+ kids who have registered on our platform, including from India, Singapore, Japan, Korea, Canada, and the Middle East. This new funding will enable us to grow our company and add new products and revenue streams. We have built a strong network of educators and content designers which help us differentiate through our in-class experience. Further, we have built a very strong operational control with high-efficiency model. This keeps our cost low and provides high consistency in customer experience. Our idea is to help a child discover multiple interests outside school while helping her builds some critical life skills. All our programs are selected and designed to enhance learning experience compared to offline.”
Bambinos.live said it will use the fresh funds for product development, scaling up its distribution network, and enhancing the course content across categories of extracurricular activities.
Neeraj Aggarwal, Co-Founder & COO Xto10x, commented on the investment,
“I’m very excited to back the Bambinos.live team for building an ecosystem in extracurricular learning. Beyond curriculum learning is a very large space and is the need of the hour when academic excellence may no longer be enough for a child to succeed. Ashish and Ankit are very experienced operators and are putting the right building blocks to scale this category in EdTech. Bambinos.live is tapping the untouched market of extracurricular activities with their technological approach in a holistic way of learning. We are confident of Bambinos.live growth in the coming future.”
With the help of fresh funding, Bambinos.live plans to hit revenue of $2 million ARR in the next 6 months.
Bambinos.live has seen an increased customer interest and retention in their platform as parents are seeing value in their courses. With the right selection of courses, they expect this to continue in the long run, even after the pandemic-led lockdown gets over.
The Bengaluru-based startup has recently announced the 'Fight Against Covid' campaign initiative to provide all its live extracurricular classes freely accessible to the children of frontline workers across India. The campaign is a month-long initiative starting June, to keep the children of frontline workers indulged in fun learning activities and help them cope with the mental ramifications of the ongoing Covid-19 pandemic.