21.1 C
New Delhi
Thursday, December 26, 2024

Zomato’s Deepinder Goyal, Zerodha’s Nithin Kamath Back Sparkl Edventure

Published:

Sparkl Edventure, an online tutoring platform founded by edtech veteran Aakash Chaudhry, has secured $4 million in seed funding. 

The funding round was led by Zomato’s Deepinder Goyal and Zerodha’s Nithin Kamath, who invested through Rainmatter, his fintech and sustainability-focused fund.

Aakash Chaudhry’s Sparkl Edventure Bags Major Investment 

Chaudhry, well-known for spearheading the $950 million acquisition of Aakash Educational Services Ltd. (AESL) by Byju’s, launched Sparkl in October. The platform focuses on personalized, one-on-one tutoring for students in grades 6 to 12, with a particular emphasis on those studying under the International Baccalaureate (IB) and Cambridge curricula.

Continue Exploring: Starbucks Workers Set to Strike Ahead of Holiday Rush, Demanding Pay Increases

Sparkl addresses a gap in the Indian education market, where parents often struggle to find skilled tutors familiar with the distinctive demands of international boards. “The IB and Cambridge systems are vastly different from CBSE or state boards, and the expertise required is hard to come by,” said Chaudhry. He also noted that the segment’s higher income demographic makes the one-on-one model viable.

Sparkle’s Current Offerings 

Currently, Sparkl offers tutoring in subjects like math, science, languages, and business studies, with plans to expand into test prep for global exams like the SAT and ACT. The platform has already enrolled students from cities such as Delhi NCR, Bengaluru, Pune, Hyderabad, and even internationally in Singapore. It aims to broaden its reach by the 2025-26 academic year.

Continue Exploring: A Fresh Mediterranean Experience: Sevilla Restaurant Reopens at The Claridges

Chaudhry’s edtech journey began with Aakash Educational Services, the family-run test prep giant founded by his father, J.C. Chaudhry, in 1988. During his tenure, Aakash became a leader in coaching for engineering and medical entrance exams. In 2020, the company acquired Meritnation.com, co-founded by Pavan Chauhan and Ritesh Hemrajani—both of whom now play key roles at Sparkl.

Subscribe to our Newsletter!

Stay updated on the latest news, trends, and top startups with Snackfax's daily newsletter!

Related articles

Recent articles