Edtech platform Kreedo has secured $4 million in a Series A funding round led by Heritas Capital, based in Singapore, along with existing investor UBS Optimus Foundation. Other participants in this round included Gray Matters Capital, 1Crowd, the Chennai Angels, and the Joka Angel Network, among others.
Co-Founder of Kreedo, Mridula Shridhar, outlined the company’s focus on early childhood education, specifically for the age group of three to eight years, covering pre-nursery to grade two. With the new funding, Kreedo aims to expand its curriculum to cover classes three to five, thereby reaching more children. Shridhar also mentioned that the platform is currently operating in nine cities, partnering with about 1,600 schools, and serving around 150,000 children. The recent funding will help Kreedo grow its footprint to approximately 2,700 schools and 270,000 children over the next year, as well as expand into three to four more cities. This expansion will not only increase Kreedo’s geographic reach but also enhance its product offerings.
https://www.linkedin.com/in/koshy89/?originalSubdomain=inIn addition to Kreedo’s progress, the Open Network for Digital Commerce (ONDC), launched in December 2021, has shown rapid growth with nearly 12 million monthly transactions within 18 months.T Koshy, MD and CEO of ONDC, shared that they expect to reach 12.5 million transactions in August, highlighting the network’s accelerating momentum.