Kyt’s raised $5 million in Series A funding
On 6th January, educational technology platform Kyt raised $5 million in a funding round for Series A. Alpha Wave Incubation (AWI), a venture fund operated by Falcon Edge Capital, is leading the investment.
The round was also attended by Sequoia Capital India’s Boom, January Capital, Titan Capital, and other angel investors. Kyt is the first Indian firm to receive investment from January Capital, which is headquartered in Singapore, the company said in a statement.
In order to extend its operations to Abu Dhabi and use the Emirates as its regional headquarters to target the Gulf Cooperation Council (GCC), the Middle East/North Africa, and other global markets, Bengaluru-based Kyt will use these funds. Kyt also plans to develop a world-class team of Abu Dhabi-based data scientists, product managers, and engineers.
The company was founded in the year 2020. By husband-wife duo, Bhavik Rathod and Tripti Ahuja. Kyt is an online school that uses technology to provide children with a whole world of extra-curricular courses.
With online learning and homebound children, a bunch of new ed-tech startups such as Kyt delivers extra-curricular courses to engage children and get them ready for the future.
Started in June 2020 by former Uber Eats India head Bhavish Rathod and wife Tripti Ahuja, Kyt offers online dance, music, chess, musical instruments, yoga, public speaking, and creative writing workshops and courses by integrating live lessons with video-based revision materials in a full-stack model for children aged 5 to 15 years.
With Kyt, by establishing an academy that nurtures holistic and all-around children’s growth, we are moving beyond traditional academic learning. Trying to promote the interests of children and promoting learning that equips them with imaginative and real-world skills is essential; shaping their individual talents and making them more optimistic.
Bhavik Rathod, co-founder, and chief executive officer of Kyt, said that “this new investment would greatly increase our efforts to have a well-structured curriculum, designed by pedagogy experts and education consultants to help each child realize his/her potential.”
The funds will also be used to make deeper investments in technology and goods to improve students’ overall experience and boost global growth. Kyt already has Indian, UAE, and Singapore students and is looking to extend its footprint to the US, Canada, UK, and Australia.