Edtech startup Bambinos.live has announced that it has secured $500,000 in its seed round. The funding round saw participation from HNIs as well as angels, including Co-founder of Cure.Fit and CEO of Eat.Fit – Ankit Nagori, Co-founder and COO Xto10x – Neeraj Aggarwal, Director of Business Development, Netflix India – Abhishek Nag and MEL’s family fund.
A statement informed, “the startup will use the fresh funds for product development, scaling up its distribution network, and enhancing the course content across categories of extracurricular activities.”
Commenting on the development, Ashish Gupta, Co-founder & CEO of Bambinos.live, stated, “In the last ten months, we’ve observed a surge in parent’s demand for extracurricular activities for their children. There are currently 15,000+ kids who have registered on our platform, including from India, Singapore, Japan, Korea, Canada, and the Middle East.”
He further added, “The new funding will enable us to grow our company and add new products and revenue streams. We have built a strong network of educators and content designers, which help us differentiate through our in-class experience.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.