Edtech startup Kyt raises Rs 18 crore

KYT, An ed-tech startup that is a part of Sequoia’s Surge cohort fourth, has raised a $2.5 million funding by the accelerator program to expand its online-first international academy for extracurricular learning.

Founded in June 2020, Kyt leverages technology to provide online-only live lessons to youngsters from five to fifteen years recent. With head offices in Republic of India and Singapore, Kyt was based by husband-wife couple Bhavik Rathod and Tripti Ahuja in June 2020, over 1,000 students have taken a course or attended workshops with Kyt, and also the platform has quite 20 teachers onboard.

Titan Capital, together with different angel investors as well as Kunal Shah – Founder of CRED, Amrish Rau of Pine Labs, Jitender Gupta of Jupiter cash, Allen Penn – Former Uber Group executive and Martin Li of ZF Holdings, additionally participated within the funding spherical.

“After chatting with several parents, we realised that there’s a way larger got to provide high-quality courses that specialise in the holistic and all-round development of the kid, beyond just academics. The future of education is a hybrid of online and offline learning, and the market size for primary and secondary extracurricular learning is estimated to be $10 billion in India alone, and around $200 billion globally”, said Kyt Co-founder and CEO Bhavik Rathod.

The platform offers two learning approaches with its content. The company plans to extend its teacher base to 500 over the subsequent 12 months and add more courses, including chess, various musical instruments, speechmaking, creative writing, and how to be a content creator.

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