Edtech startup Kreedo Early Childhood Solutions raises Rs 10 crore in debt

Edtech startup Kreedo Early Childhood Solutions has raised Rs 10 crore in debt funding from Recur Club, a prominent debt marketplace for startups and SMEs.

The funding is structured as a curated debt stack, strategically combining short-term and long-term debt lines, including both secured and unsecured debt instruments.

Prior to this investment, the startup raised $4 million in a Series A funding round led by Singapore-based Heritas Capital and existing investor UBS Optimus Foundation, with participation from other investors.

What does Kreedo Early Childhood Solutions do?

Kreedo was founded in 2012 by husband-wife duo Mridula Shridhar and VK Manikandan, both alumni of IIM-C, to change the quality of education delivered in affordable private schools and preschools in the early years.

Kreedo focuses on affordable private schools, offering non-franchise solutions to improve early education for low-income families.

The startup's offerings aim to enhance learning in over 350,000 affordable private schools, catering to families with annual fees under Rs 30,000.

Leadership comments

“At Kreedo, we aim to redefine early education by equipping schools with innovative solutions that significantly improve learning outcomes. This funding from Recur Club marks a pivotal step in scaling our operations and meeting our working capital needs. We’re delighted to collaborate with Recur Club, whose seamless and efficient funding process perfectly aligns with our vision of creating impactful change in the education sector," said Krishnan.

“It has been a pleasure working with Manikandan and witnessing Kreedo’s incredible growth journey over the past couple of years. Their intelligent approach to capital management has enabled them to hyperscale effectively while preserving significant equity," Recur Club Co-founder and CEO, Eklavya Gupta added.