Edtech startup Saarthi Pedagogy, based in Ahmedabad, has announced that it has raised Rs 10 crore from VC firm GVFL Limited to close its Rs 30 crore pre-series A round, in which Pinnacle Investments, a division of Prestige Group, also participated. The funds from this round will go into expanding the sales footprint, ramping up the technology team, and improving the products.
Kamal Bansal, Managing Director, GVFL, said, “India's edtech market, which was valued at USD 2.8 billion in 2020, is projected to expand at a CAGR (compound annual growth rate) of 39 per cent and reach USD 10 billion by 2025, with K-12 learning solutions accounting for 41 per cent of the total market size. It gives us immense pleasure to join hands with Saarthi which bridges the gap between grades and knowledge and delivers an end-to-end solution for schools, teachers, and students, as opposed to point solutions available in the current edtech industry.”
The startup's updated technology platform, which enables educational institutions to spot advances in the learning outcomes of all students, was released last year. Students are given access to instructional materials and automatically generated, personalised homework worksheets.
Sushil Agrawal, Founder, Saarthi Pedagogy, said, "We are laser-focused on solving the problem of 4.5 lakh budget schools that charge a fee between Rs 15,000 - 45,000. These are schools where affordability is a major concern and students are extremely value conscious, but they also require a tech-driven learning solution to make a meaningful difference in their student's learning outcomes."