Yellow Class is known all over the world for being a leading educational technology platform. It is dynamically involved in the online co-curricular and extracurricular activities domain for a considerable period. In this fund-raising campaign, Yellow Class will utilize the funds for brand development, betterment of product experience, enterprise growth, and recruitment for leadership positions.
On Tuesday, August 17, 2021, Yellow Class, the pioneering ed-tech platform performed fundraising to the tune of US $6 million from venture capital companies like Titan Capital, Elevation Capital, and so on. It is a Series A funding round and other angel investor agencies involved in this financing round are the following:
- First Cheque
- India Quotient
- Alok Mittal, Founder of Indifi
- Vidit Aatrey, Co-founder of Meesho
- Maninder Gulati, Global Chief Strategy Officer, OYO
- Vivekananda Hallekere, Co-founder of Bounce
- Dhruv Agarwala, Chief Executive Officer of PropTiger
- Abhinav Sinha, Chief Operating Officer, OYO
- Alvin Tse, Country Director of Xiaomi Indonesia
As stated by Yellow Class, it had been successful in raising the US $1.5 million via a seed financing round spearheaded by India Quotient in November 2020.
Yellow Class has a dynamic presence in the domain of online co-curricular and extra-curricular activities and will be utilizing the raised funds for the following objectives:
- Betterment of product experience
- Brand development
- Recruitment for leadership positions
- Enterprise growth in over 500 Indian cities and abroad
Set up in June 2020 by Arpit Mittal and Anshul Gupta, the company aims at kids in the age group of three-twelve years. Yellow Class provides classes throughout forty groupings, such as craftsmanship, painting, yoga, dance, logical reasoning, and general knowledge. Over 1 million kids have participated for more than one hundred fifty million minutes on this popular ed-tech platform.
Taking into consideration the growing significance of all-inclusive growth, extracurricular knowledge symbolizes one of the most rapidly developing segments in ed-tech.
Yellow Class provides the broadest variety of extracurricular pursuits for kids via classes transmitted live on the Internet with a gamified Artificial Intelligence tier that develops synergy and participation.
The startup proclaims to have expanded 18 times throughout the past 6 months and intends to trial by including new groups like sports and musical instruments.
Deepak Gaur, a collaborator of Elevation Capital, stated that Arpit and Anshul’s expedition as they developed and climbed the podium in 6 months is really a motivation.
During the past decade, substantial growth in the time devoted by kids for indirectly using online content has been observed—that is awfully detrimental to their development.
Researches have demonstrated that over a hundred million children in India who are under 13 years devote one hundred hours monthly on an average on YouTube and corresponding social media sites.
Therefore, parents are desperately searching for improved, synergistic substitutes that are advantageous for the kid’s intellectual development.
Yellow Class is assisting in generating a new group in the domain of educational technology. Simple accessibility, excitement, and collaborative classes would certainly captivate children. Presently, kids can devote their time to acquire knowledge dynamically and sharpen new skillsets.
From this point, Yellow Class has an objective to attend to ten million energetic users every month on the Yellow Class platform each year. They are vigorously searching for people with the best aptitude who can spearhead the expansion of Yellow Class to cater to this huge market, as stated by Arpit Mittal and Anshul Gupta jointly.
In 2021, inside ed-tech, the extracurricular sector in the country is anticipated to attain a volume of US $5.8 billion, as stated by Yellow Class. Touring extensive distances to attend a class is extremely troublesome since parents have to handle their work/home life and time. The extensive hours of journey confine the range of pursuits kids can delve into, according to Yellow Class.