Edtech startup Tekie announced on Monday that it has raised $1.5 million in a seed round led by Silicon Valley-based GSV Ventures and Multiply Ventures, an early-to-growth stage fund by former e-commerce executives from Myntra, Paytm, Flipkart, and Alibaba. The round also saw participation from Better Capital.
According to the official statement, the startup will use the freshly raised funds to scale its operation to support the growing demand and create a strong team to unlock the next level of growth.
Talking about the platform, Anand Verma, Co-Founder, Tekie , said, “As a first-generation learner, I have seen the transformational impact of education first hand. When we started four years back, our goal was to build a product with a focus on three pillars — put learning outcomes at the forefront, make learning an enjoyable experience, and provide the best teachers to learners. Our animated series, live projects, and gamified learning journey make the course an immersive experience and the students look forward to their sessions.”
Established in 2017 by IIT Delhi graduate Naman Mukund and SRCC alumnus Anand Verma, Tekie is a live coding platform that brings the art of storytelling to make learning a movie-like experience. The Bengaluru-based startup has created the world’s first animated series on coding to teach text-based coding to kids.
Further adding, Naman Mukund said, “Having grown up in a digital-first world, the learning habits of students have evolved and the education system needs to keep up with the changing trends. Coding is not only an essential skill for the future but an effective way to build problem-solving and logical thinking among kids.”
“Coding education is still at a nascent stage in our country, primarily restricted to block-based coding. We want students to go beyond just getting introduced to concepts and learn to write real code. Keeping this in mind, we designed our course to teach text-based coding.”
The startup claims to have more than 12,000 students learning on its platform. They have recently introduced their B2B offering where they partner with schools to facilitate coding in their curriculum.
The startup is also looking to expand its offerings in other markets like the US, Canada, and the UK after successfully building a presence in India.
Commenting on the investment, Mujtaba Wani from GSV Ventures stated, “We were impressed by the founding team’s “product first” approach to delivering online coding lessons that have resulted in high customer loyalty and learning impact. Tekie’s best-in-class NPS of 85 affirms that students are realizing value from the distinctive platform. GSV is honored to be backing Anand and Naman on their founding journey.”
The demand for coding classes for kids has been growing as more and more people are understanding the importance of digitization. Tekie is carefully playing into this demand and offering unique animated solutions. The company seems to have huge growth prospects in the times to come. My best wishes to the team of Tekie.Shishir Gupta, Founder and CEO, StartupLanes
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