MyClassboard raised Rs 4.5 crore

MyClassboard, a provider of end-to-end school management software, has raised Rs 4.5 crore from ICICI Bank NSE -3.42 percent in pre-Series A funding.

The firm was founded by Ajay Sakhamuri and Raveendra Adusumilli in 2008. It deals with Edtech Education, Applications for Robotics.

In 2,500 schools in India, it currently caters for 15 lakh students.

In the background of the coronavirus pandemic, MyClassboard has seen a spike in school sign-ups and has served more than 50,000 students every month since March. The school program includes features such as fee collections, admissions, gradebook, HR and payroll, transport management, connectivity for school parents, and flexible school mobile apps.