Saarthi Pedagogy –an Ahmedabad-based EdTech start-up has announced that it has raised Rs 16 Cr as a part of its pre-series A funding round which was led by Pinnacle Investments, a family office of the Promoter (Mr Irfan Razack) and CEO (Mr Venkat K Narayana) of the leading real estate group, Prestige. The funds from this round will be used for product enhancement, ramp-up of the technology team, content creation and expansion of the sales footprint.
Saarthi has witnessed significant success and caters to ~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, a growth of 9X from the 220 schools catered to in academic year 2021-22.
In August 2021, Saarthi Pedagogy closed its first seed round of USD 1 M and witnessed 10X growth since then. The start-up launched an AI backed Learning Management system that can not only measure but also improve learning outcomes and build ease of learning, teaching, and managing. One of the benchmark features of its product is auto-homework-generation, where the system automatically customises the homework for each student, based upon their learning needs
Commenting on the transaction, Mr. Venkat K Narayana said, “I am very passionate about education and firmly believe in its ability to transform the lives of children. The need of technology in the educational sector has burgeoned and will develop further in the coming years. We are pleased to partner with Saarthi to help propel their vision of using technology to provide access to quality education and learning outcomes to millions of Indian students in the mid-tier schools”.
Sushil Agrawal, Founder and CEO of Saarthi Pedagogy, expressed his delight on the transaction. “We are very excited to partner with stalwarts of Prestige and welcome them to the Saarthi family. 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”, said Sushil.