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Education-tech startup Shirsa Labs has raised $250,000 in angel capital funding through fund-raising platform ah! Ventures.
The start-up uses the online engagement platform to entertain and educate children mainly in the age group of 6-13.
The deal was solely advised and syndicated by ah! Ventures and led to the closure on its private equity investment platform, CLUBah.com.
Founded in 2013 by Sukhada Tendulkar and Mandar Desai, the start-up aims to stimulate the intellectual and learning skills of children by using a combination of online and offline interactive methods. It has multiple games, worksheets, and videos to engage children and boost their cognitive learning.
The founder, Mandar Desai, while speaking to BusinessLine said, "We plan to use the funds for team-building and strengthening our product portfolio to provide a seamless experience on the platform."
Sukhada Tendulkar, Co-Founder & CEO of Shirsa Labs said, "While kids love to play online, parents want actionable information and educators can teach better when children are motivated. We have connected these points and want Shirsa Labs to be a collaborator in this eco-system that must work together.”
The start-up has around 75,000 active users, which includes 50,000 paid customers.
Harshad Lahoti, Founder & CEO of ah! Ventures, said the market that Shirsa is targeting is phenomenally large.
"Evidence of increasing enrolment in private schools in rural India — from 18 per cent in 2006 to over 30 per cent today — shows that even rural India is exploring newer and innovative avenues of teaching and learning,” Lahoti said
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