Kreedo Early Childhood Solutions, a start-up in the edtech industry, has revealed that it has secured $2.3 million in pre-Series A funding. Leading the funding round were the UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital, and 1Crowd, all of which are based in Switzerland. The Chennai Angels, IIM-CAN, and Innospark Ventures also took part in the funding round.
“We see Kreedo’s business model as a unique method to achieve social change by making quality early education available to every kid from lower-income communities,” stated Dhun Davar, Head of Social Finance, UBS Optimus Foundation. The firm, which is based in Bengaluru, Karnataka, was established in 2012 by husband-and-wife team Mridula Shridhar and VK Manikandan, both of whom graduated from IIM-Chennai.
The most recent investment will be used to hasten the next phase of growth and team expansion for Kreedo.
The CEO of Kreedo, Mridula Shridhar, stated, “Our objective is to democratise high-quality early education. Our partner schools are overwhelmingly interested in finding the cheapest and most straightforward solution to enhance core learning. With the latest round of funding, we will be able to introduce Kreedo to more than 7000 schools throughout several Indian cities.