Bambinos.live announced on Thursday that it has raised $500,000 in its seed round led by HNIs and angels, including Ankit Nagori, Co-founder of Cure.Fit and CEO of Eat.Fit; Neeraj Aggarwal, Co-founder and COO Xto10x; Abhishek Nag (Angel List), Director of Business Development, Netflix India, and family fund of MEL.
Established in June 2020 by Ashish Gupta along with Ankit Hetamsaria, Bambinos.live claims to offer over 40 live interactive online courses to more than 15,000 kids across visual arts, personality development, dance, music, and communications for children in the age group of 4-12 years.
As per the official statement, the startup plans to utilize the freshly raised funds for product development, expanding its distribution network, and enhancing the course content across categories of extracurricular activities.
Commenting on the funding, Ashish Gupta, Co-founder and CEO, Bambinos.live, said, “In the last ten months, we’ve observed a surge in parent’s demand for extracurricular activities for their children. There are currently 15,000+ kids who have registered on our platform, including from India, Singapore, Japan, Korea, Canada, and the Middle East.”
“The 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,” he added.
“Further, we have built a strong operational control with a 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 the school while helping her builds some critical life skills. All our programs are selected and designed to enhance the learning experience compared to offline,” he added.
With the latest round of funding, the startup is looking to achieve revenue of $2 million ARR in the next six months, claims the startup.
Speaking about the investment, Neeraj Aggarwal, Co-founder and COO, Xto10x, stated, “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.”
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