Kyt, an online-first, global academy for extracurriculars, designed by the best educators from around the world, has raised $5 million in a Series A funding round led by Alpha Wave Incubation.
Sequoia Capital India’s Surge, January Capital, Titan Capital, and other angel investors also participated in the funding round.
Kyt is the first Indian company to bag funding from Singapore-based January Capital that has primarily focussed on ASEAN5 (Indonesia, Thailand, Philippines, Malaysia, Vietnam), Australia, and New Zealand.
Founded in 2020 by Bhavik Rathod and Tripti Ahuja, the company plans to utilise the funds to expand into the US, Canada, UK, and Australia and target other global markets by setting up a regional headquarter in the UAE. It also plans to invest in technology and recruitment, including hiring scientists, product managers, and engineers located in Abu Dhabi.
“Extracurricular learning is a critical aspect of a well-rounded education. Kyt has made it possible for students from every corner of the world to access quality learning from best-in-class teachers and practitioners in each field,” said Utsav Mitra, investor at Falcon Edge Capital.
“This new investment will greatly boost our efforts in providing a well-structured curriculum, designed by pedagogy experts and education consultants to help each child realise their potential,” said Rathod, cofounder & CEO, Kyt.
Kyt has exclusive partnerships with educators and artists such as Indian Chess Grandmaster Vidit Gujrathi, Mumbai-based vocalists Kamakshi & Vishala, Philippines’ hip-hop legend Ruel Varindani, and yoga instructor Sabrina Merchant. The startup is backed by Allen Penn, Kunal Bahl, Rohit Bansal, Amrish Rau, and Kunal Shah.
Recently, the startup raised $2.5 million in funding led by Sequoia Capital India’s Surge.
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