What's the news?
New Delhi-based edtech startup Avishkaar has raised Rs 5 crore funding in pre-Series A round. Auxano, Mumbai Angels, Alok Mittal, angel investor & Co-founder and CEO, Indifi Technologies; and Varun Aggarwal, Co-founder, Aspiring Minds, participated in the funding round.
The startup said it plans to utilise the latest funding towards product development, hiring talent, and user base expansion across Tier I and Tier II cities.
About the startup
Launched in 2014, Avishkaar is focused on robotics, AI, coding, and app development for children between 5 and 15 years of age through its hardware and software products. It earlier raised Rs 5 crore in seed investment from Auxano in February 2018 and used the funds towards expanding its presence across the country in schools and the launch of a new line of products.
Competing with other players like Whitehat Jr and Vedantu for market share in the coding and robotics learning space, Avishkaar founders are optimistic and look forward to continuous innovation and growth .