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Swiflearn funding

swiflearn funding

Edtech startup, Swiflearn announced on Monday that it has raised $3 million in pre-Series A round led by Stellaris Venture Partners, Venture Highway, and notable angels such as Varun Alagh (Founder, Mamaearth), Ramakant Sharma (Founder, Livspace), and Alok Mittal (Founder, Indifi). 

Rahul Chowdhri and Priya Mohan, representatives from Stellaris Venture Partners and Venture Highway, respectively, will be backing the startup in its journey.

The startup said that it plans to utilize the freshly raised funds to expand its team, technology enhancement, and increase traction in the K-10 education sector. 

According to the co-founders, Swiflearn strives to make learning interesting, scalable, and affordable for all. 

Established in 2019 by Abhinav Agarwal and Anand Bakode, Swiflearn is a full-stack online platform for educational courses for students, which strives to give the best possible personalized learning experience to every student from the country’s best teachers. 

With its two-way interactive format classes, the startup makes sure that no more than six students are present in a class. The teachers utilize the in-house developed content, pedagogy, testing tools, video conferencing solutions, interactive games, and learning tracking mechanisms to give lessons. 

Co-founder Anand Bakode said, “With our training capabilities, we can deliver courses such as Vedic Maths, Abacus, and Money Education, which are very unique.” 

Talking about the growth, Abhinav Agarwal, Co-founder, Swiflearn, says, “We have been growing at more than 100 percent month-on-month since the beginning of the school year in March 2021, and closed May with Rs 18 crore ARR.”

The startup had previously raised Rs 7.35 crore in December 2019 from Stellaris Partners, Venture Highway, and Utsav Somani of Angel List India. 

Commenting on the investment, Rahul Chowdhri, Partner at Stellaris Ventures, said, “While several edtech companies are doing well for test prep or higher education space, none of them has been able to generate learning level outcomes for school-going children. The founding team comes with an education background and running a highly operational intensity business, which convinced us to back them early on.” 

Priya Mohan, Partner at Venture Highway, said, “In my view, concept reinforcement by a teacher-facilitator followed by supervised revision and practice will remain key for K-12 students. Swiflearn’s value proposition rests in its strong teacher supply supported by solid pedagogy and teaching frameworks, thereby allowing parents/students to see measurable progress, which is often difficult to measure in edtech.”

Swiflearn appears to be an interesting edtech platform offering learning solutions that are different from its competitors. I believe the company has huge growth prospects. My best wishes to the team of Swiflearn.

Shishir Gupta, Founder and CEO, StartupLanes

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