The startup will be using the freshly raised seed funding for product development, scaling up its distribution network, and enhancing the course of content across categories of extracurricular activities.
On Thursday, a digital academy for extracurricular activities Bambinos.live announced that it has raised $500,000 in its seed round of funding from HNIs and angels, including Ankit Nagori, Co-founder of Cure.Fit and CEO of Eat.Fit; Neeraj Aggarwal, Co-founder and COO Xto10x; Abhishek Nag (Angel List), Director of Business Development, Netflix India, and family fund of MEL.
Bambinos.live was founded by Ashish Gupta along with Ankit Hetamsaria in June 2020, Bambinos.live claims to offer 40+ live interactive online courses to over 15,000+ kids across visual arts, personality development, dance, music, and communications for children in the 4-12 years age group.
Speaking about the growth, Ashish Gupta, Co-founder and CEO, Bambinos.live, said, “According to our survey, in the last ten months we’ve observed a high demand in parents 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.”
“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,” he added.
Further he said we have built an extremely efficient process of operational control of our organisation. This keeps our costs low and provides high consistency in customer experience. Our vision and focus is to help a child discover its multiple capabilities outside the school curriculum while helping them build some critical life skills. All our programmes are selected and designed to enhance the learning experience compared to offline.
The Bengaluru based startup Bambinos also announced a free accessibility of its platform to children of the front line workers by its initiative named “Fight Against Covid” campaign. The campaign is a month-long initiative starting June to keep the children of frontline workers indulged in fun learning activities and help them cope with the mental ramifications of the on-going Covid-19 pandemic.
With the help of this fresh funding, the startup is targeting to hit revenue of $2 million ARR in the next six months, claims the startup.
Speaking on the investment done by Neeraj Aggarwal, Co-founder and COO, Xto10X stated, “I’m very excited to back the Bambinos.live team for building an ecosystem in extracurricular learning. Beyond curriculum learning is a very large space and is the need of the hour when academic excellence may no longer be enough for a child to succeed. Ashish and Ankit are very experienced operators and are putting the right building blocks to scale this category in Edtech.”