Edtech startup Saarthi Pedagogy has raised Rs 16 crore in a funding round led by Pinnacle Investments.
The fresh capital will be used to improve products, ramp up the technical team, create content, and expand the company’s sales reach, according to the statement.
Commenting on the development, Sushil Agrawal, Saarthi Pedagogy, said, “We look forward to building a sustainable and capital-efficient ed-tech business that will truly impact the lives of millions of students studying in affordable schools in India.”
“Saarthi has witnessed significant success and caters to around 850 schools and 85,000 students and expects to sign up 2,000 schools and 2,00,000 students for the academic year 2022-23,” the company said in its statement.
“The need for technology in the educational sector has burgeoned and will develop further in the coming years…I am very passionate about education and firmly believe in its ability to transform the lives of children,” said Venkat K Narayana, CEO, Pinnacle Investments.
Founded in 2020, Saarthi Pedagogy is trying to solve the problem of lack of focus on learning outcomes and a lack of consistency in content delivery and teacher quality.
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