PlanetSpark, a Gurgaon, India-based edtech startup, raised a follow-on Pre-Series A round of INR 3.2 Cr.
Backers included Indian Angel Network, Lead Angels and Hyderabad Angels. Existing seed investor FIITJEE Limited also participated in this round. Vikas Kuthiala and Nitin Zamre were the deal leads on behalf of IAN.
The company will use the funds to expand its business into new geographies and increase enrolments by 10x over the next 12-15 months.
Led by Kunal Malik and Maneesh Dhooper, PlanetSpark provides neighborhood learning zones where children learn and develop all the ‘new age’ skills under one roof. It combines online learning with an offline experience for young children in grades K-8 through its in-house learning products. It operates in an asset-light model of partnering with unutilized assets in pre-schools, schools and strategic partners such as Oyo Townhouse to set up its neighbourhood blended-learning centres in a low cost and scalable manner.