FrontRow, the online learning platform is raising $3 million from Lightspeed and SAIF Partners. This comes at a time when online learning has been catering to high demand with people across the country being confined to their homes to protect themselves from COVID-19.
Founded by former Lightspeed executive Ishaan Preet Singh along with Shubhadit Sharma and Mikhil Raj, FrontRow (registered as Splashstar Technologies) is a learning platform for sports, creative arts and hobbies. The platform is anticipated to be launched in the coming few months.
This investment also ties into the larger theme of how the early-stage investment activity has transformed during the Coronavirus crisis. Even as the overall startup investment activity has come to a grinding halt, early-stage investors are evaluating deals with startups in newer spaces in a hope to bet quickly on a potentially big business which has resulted due to the COVID-19 crisis.
Early-stage venture capital firms are in discussion with multiple startups spanning across sectors from education, SaaS, gaming and even newer grocery models.
Investors expect a basic shift in user behaviour in the online education, content and gaming space based on the performance of some of their portfolio companies, prompting them to evaluate newer startups in this space as well. That said, even as investors are speaking to founders and evaluating new deals, industry experts affirm that they are still not comfortable making a deal online entirely.