Business Wire IndiaKleverKid, an innovative after-school startup, today announced an undisclosed equity investment from Aarin Capital Partners (Mohandas Pai and Ranjan Pai’s fund) along with a group of other marquee angel investors such as Ananda Kallugadde, Sunil Kaul, and Maina Sahi.
KleverKid is an innovative platform making the most difficult and important decision for parents ridiculously simple. KleverKid helps parents find and enroll in the best classes (tuitions and hobbies) for their kids. KleverKid gives parents a mobile one-stop-shop to find and enroll in these classes, making their lives simpler while ensuring their children get the highest quality teachers available in their area.
The after-school programs and tutors market in Delhi NCR is estimated to be around 6 million students, resulting in a INR 10,000 Crore or a USD 1.7B annual market size. Many parents often rely on their word-of-mouth networks to make these vital decisions for their children, leaving them with poor quality teachers or forcing them to travel long distances to find the best classes for their child’s needs.
“Our goal is to democratize learning. We believe no matter what age, race, religion, or social class a child comes from, they each deserve the best teachers that exist. By providing the highest quality information and feedback to parents across the nation, we believe we can help influence important decisions in a positive way, and thus bring the best teachers to the children who need them the most,” says Shabnam Aggarwal, Founder & CEO of KleverKid.
The company has helped thousands of parents access better classes for their children, and plans to help millions more over the course of the next year, growing its business from Delhi NCR to all Tier 1 cities across India.
“Having experienced investors and advisors such as Mohandas Pai, Umashankar Vishvanath, and Max Gabriel who have built large, successful companies in the education domain sets us up for wild success. I am immensely excited about the opportunity to learn from and build a company upon these prolific gurus’ expertise,” says Shabnam.
“The first and foremost concern for parents is always their children’s well-being. Shabnam and the KleverKid team have come up with an outstanding offering to meet their needs in a unique way leveraging using technology. I see a huge opportunity and the potential for rapid growth from here. I’m excited to mentor them to achieve their mission of democratizing learning and giving parents comfort and ease while making these big decisions for their kids,” says Mohandas Pai
About KleverKid :
KleverKid began in 2014 with the vision to bring the best after-school programs and tutors to children everywhere. Shabnam Aggarwal, having worked in the education technology domain in India for over 5 years with companies such as Pearson, Datawind (Aakash tablet), and a Nokia funded startup called MILLEE, saw a pressing desire from parents to find better teachers for their kids. After understanding parents’ needs, she approached academies with her solution: a marketplace for parents and academies to connect, enroll, and leave feedback about their experiences. Within 6 months of launch, she found KleverKid had cornered the market. Visit www.kleverkid.in or call at +91-9999-611160 for more information and to book your kid’s class today.
About Aarin Capital Partners :
Aarin Capital Partners seeks to create long-term value by partnering with talented, driven management teams actively complementing their skills with Aarin’s collaborative engagement. Aarin aims to build profitable companies with sustainable value propositions. Aarin appreciates audacious ideas that embed disruptive, customer-focused technologies with the potential to address and transform large markets. Aarin supports their investee companies in generating profitable revenue growth, instituting strong compliance and governance processes, margin enhancement and active operational and strategic management. Aarin manages stage-agnostic funds with the ability to support its investee companies from incubation to exit. Visit www.aarincapital.com for more information.