The startup Crejo.Fun will be using these freshly raised funds in building its team, product development, improving its content, as well as to drive growth.
An Online platform for extra-curricular activities, Crejo.Fun for children aged 4 to 14 years, has raised $3 Million in seed funding from Matrix Partners India, Binny Bansal’s 021 Capital.
The round was led by Matrix Partners India, 021 Capital — a venture capital firm backed by Flipkart Co-founder Binny Bansal, and prominent angel investors such as Kalyan Krishnamurthy, CEO, Flipkart; Sujeet Kumar, Co-founder, Udaan; Rahul Chari, Co-founder, PhonePe; Sameer Nigam, Co-founder, PhonePe; Kunal Shah, Founder, CRED; Prashant Purker, ex-CEO ICICI Ventures; Saikiran Krishnamurthy, Founder, xto10x; Mekin Maheshwari, ex-CPO, Flipkart; Srinivas Anumolu, Founder, TutorVista, Ankit Nagori, Co-founder, Cure.Fit, Lalit Keshre, Founder, Groww; Anil Goteti, Ex-SVP, Flipkart; Giridhar Malpani; and Gemba Capital.
Speaking on the investment, Vikas Bansal, Co-founder of Crejo.Fun (ex- Flipkart Senior Director), said, “Over 100 Million children in India pursue extra-curricular activities. Due to the pandemic, children are learning their skills from online platforms. Crejo.Fun was founded with the vision of helping children discover their hidden treasures and pursue their passions.”
Vikas said that they provide children access to high-quality teachers and courses which are designed as per modern pedagogy, and will help them build their creative and cognitive skills from the comfort and safety of their homes.
He added, “Additionally, we will unlock online teaching for extra-curricular activities as a career opportunity for teachers across India, enabling them to teach students globally and augmenting their income while pursuing their passion.”
Crejo.Fun is founded by Vikas and Ankit Agarwal, the startup focuses to help children discover and pursue their passion by providing fun and exciting courses for extracurricular activities. The online courses are designed by subject matter experts and delivered live by qualified teachers in a small group format (up to four children) to provide individual attention to children.
Rajat Agarwal, Managing Director, Matrix Partners India, commented, “The extra-curricular activities for children is a $10B+ market opportunity in India alone. Demand for online learning has sky-rocketed over the last twelve months, with parents looking for the holistic development of their children. We believe Crejo.Fun is uniquely positioned to win in this space with its fun, interactive, and product-first approach. We’re excited to be on this journey with Vikas and Ankit and look forward to building a revolutionary learning platform for children.”