ETtechEducational technology company Kyt has raised $5 million in a Series A funding round, led by Alpha Wave Incubation, with participation from Sequoia Capital India’s Surge, January Capital, Titan Capital and other angel investors.
Kyt was founded by Bhavik Rathod, the former head of Uber Eats, India & South Asia.
The platform has exclusive partnerships with educators and artists such as Indian Chess Grandmaster Vidit Gujrathi, Mumbai-based vocalists Kamakshi and Vishala, the Philippines’ hip-hop legend Ruel Varindani, and celebrity yoga instructor Sabrina Merchant.
Kyt plans to add more courses, including speech and debate, Spelling Bees, guitar, and keyboard classes.
Students can opt for short format as well as longer duration courses with prices ranging from $8 to $18 per session.
“Extracurricular learning is a critical aspect of a well-rounded education. Kyt has made it possible for students from every corner of the world to access quality learning from best-in-class teachers and practitioners in each field,” said Utsav Mitra, investor at Falcon Edge Capital
Founded last year, the company plans to utilise the funds to expand into the United States, Canada, UK, and Australia and target other global markets by setting up a regional headquarters in the UAE.
It also plans to invest in technology and recruitment. Its team has 35 people spread across India, and the company plans to ramp up hiring of data scientists, product managers, and engineers located in Abu Dhabi.
Kyt said it is doubling its reach every month. The platform has more than 20 teachers onboard, with plans to increase this to 500 over the next 12 months across geographies.
There is already traction from students in Singapore, Dubai, and UAE for Indian and western vocal classes, it said.
“This new investment will greatly boost our efforts in providing a well-structured curriculum, designed by pedagogy experts and education consultants to help each child realise its potential,” said co-founder and CEO Rathod.
Kyt is the first Indian startup to receive investment from Singapore-based January Capital, which has primarily focussed on ASEAN5 (Indonesia, Thailand, the Philippines, Malaysia, Vietnam), Australia, and New Zealand.
The startup counts Allen Penn, Kunal Bahl, Rohit Bansal, Amrish Rau and Kunal Shah among its backers.
Kyt was founded by Bhavik Rathod, the former head of Uber Eats, India & South Asia.
It runs extracurricular courses online by combining live classes with video-based revision material designed by curriculum experts, for children between 5 and 15 years of age.
The platform has exclusive partnerships with educators and artists such as Indian Chess Grandmaster Vidit Gujrathi, Mumbai-based vocalists Kamakshi and Vishala, the Philippines’ hip-hop legend Ruel Varindani, and celebrity yoga instructor Sabrina Merchant.
Kyt plans to add more courses, including speech and debate, Spelling Bees, guitar, and keyboard classes.
Students can opt for short format as well as longer duration courses with prices ranging from $8 to $18 per session.
Discover the stories of your interest
“Extracurricular learning is a critical aspect of a well-rounded education. Kyt has made it possible for students from every corner of the world to access quality learning from best-in-class teachers and practitioners in each field,” said Utsav Mitra, investor at Falcon Edge Capital
Founded last year, the company plans to utilise the funds to expand into the United States, Canada, UK, and Australia and target other global markets by setting up a regional headquarters in the UAE.
It also plans to invest in technology and recruitment. Its team has 35 people spread across India, and the company plans to ramp up hiring of data scientists, product managers, and engineers located in Abu Dhabi.
Kyt said it is doubling its reach every month. The platform has more than 20 teachers onboard, with plans to increase this to 500 over the next 12 months across geographies.
There is already traction from students in Singapore, Dubai, and UAE for Indian and western vocal classes, it said.
“This new investment will greatly boost our efforts in providing a well-structured curriculum, designed by pedagogy experts and education consultants to help each child realise its potential,” said co-founder and CEO Rathod.
Kyt is the first Indian startup to receive investment from Singapore-based January Capital, which has primarily focussed on ASEAN5 (Indonesia, Thailand, the Philippines, Malaysia, Vietnam), Australia, and New Zealand.
The startup counts Allen Penn, Kunal Bahl, Rohit Bansal, Amrish Rau and Kunal Shah among its backers.
Get Unlimited Access to The Economic Times
