Edtech startup PurpleTutor raised a seed funding round of about $300,000 led by IvyCap Ventures, other investors including Krishna Kumar (Founder and CEO – Simplilearn) also participated. The company will use the funds to strengthen its technology, consumer base, and increase footprint.
PurpleTutor offers live, online classes to kids aged 6-16 yrs on computational thinking. The company has its own curriculum and is building technology to arm its teachers to ensure classes are highly personalised and customized. There are in-house teacher training programmes where teachers are trained to let the students lead the curriculum journey as per their creative ideas, ability, and interest. Claims it has over 30,000 registered users and is already at an annualised revenue of nearly $0.5 mn and is growing 50% monthly.