Funding News

Matrix Partners & Others Pump Funds in Edtech Startup Toddle

Education is one of the evergreen businesses and therefore no wonder edtech has been one of the sunrise sectors. Investors have gone all out to pump capital in the edtech industry and their unwavering support has helped many edtech companies in becoming household brands. Be it the unicorn startup Byju’s, Unacademy or UpGrad.

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Now another edtech startup has entered this already overcrowded and cluttered world of online education. The name of this startup is Toddle, which has raised undisclosed amount in a seed funding round led by Matrix Partners. Better Capital and Swiggy’s co-founder Rahul Jaimini among others also participated in the funding round.

The company will be using the latest capital infusion for increasing product portfolios by catering to more educational segments, according to Economic Times. The Bengaluru based startup was founded by Misbah Jafary, Gautam Arora, Deepanshu Arora, Nikhil Poonwala and Parita Parekh.

Toddle majorly focuses on Teachers

While most startups focus on improving student’s grades, Toddle is mainly attentive on  improrving school teacher’s efficiency. The company has collaborated with IB Primary Years Programme to offer holistic platform to teachers for collaborative planning, student portfolios, parents communication and other purposes.

At present, the company claims to cater more than 10,000 teachers through its Reggio inspired preschools, K-12 world schools and others.

“Toddle’s aim is to simplify the entire teaching and learning cycle with one seamless and intuitive solution to today’s tech savvy teachers,” co-founder Gautam Arora said.

Despite ongoing economic slowdown, most industry experts believe that the edtech sector will continue to grow at an healthy pace. The recent KPMG and Google’s report estimated that India’s edtech market is likely to reach $2 Bn by 2021. This growth will be probably fueled by unabated and increasing penetration of smartphones and internet across entire India.

 

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