E-Learning platform Crejo.Fun raises $3 million funding led by Matrix Partners India

• Crejo.fun will use the funding to expand team, product and content development to drive better growth.
• In April 2021, The startup had raised Rs 22 crore from Matrix Partners India and 021 Capital.
• The online platform focuses on extracurricular activities for children aged between 4 to 14.

Bengaluru-based Crejo.Fun, one of India’s leading online platforms promoting extracurricular activities for children from the age of 4-14 years, has raised $3 million (about Rs 22 crore) in a seed funding round.

The round was led by existing investors Matrix Partners India, Binny Bansal's 021 Capital, and prominent angel investors, including Kalyan Krishna Murthy (CEO, Flipkart), Rahul Chari (Co-Founder, Phonepe), Sujeet Kumar (Co-Founder, Udaan), Kunal Shah (Founder, Cred), Sameer Nigam (Co-Founder, Phonepe), Prashant Purker (Ex-Ceo, ICICI Ventures), Saikiran Krishnamurthy, Mekin Maheshwari, Srinivas Anumolu, (Founder of TutorVista), Ankit Nagori, (Co-founder of Cure.Fit), Lalit Keshre, (Founder of Groww), Anil Goteti, Giridhar Malpani, and Gemba Capital.

The $3 million funding will help Crejo.Fun to expand its team, product enhancement, and content development, the statement said.

Founded by IIM Bangalore alumni Ankit Agarwal and Vikas Bansal, Crejo.Fun is one of India’s leading companies that promotes extracurricular learning activities for children between the age group of 4-14 years.

The platform aims to make extra-curricular activities fun and very learnable at the same time and help children discover their interests and passions with creative learning. The courses are all made online and are designed by a team of experts in that subject matter. The courses are then imparted live online by a teacher and that too with a maximum limit of 4 students in each class, thereby making sure that each child gets individual attention and care.

Also, these classes are conducted in Crejo’s Fun Room - an online innovative virtual classroom designed by the company itself. The classroom uses modern computerized and gaming techniques and animations and makes it much better and interesting than a normal classroom. They focus on five types of development of children and abbreviate them as SPICE (Social, Physical, Intellectual, Creative, and Emotional).

Vikas Bansal, Co-Founder of Crejo.Fun, said, "Over 100 million children in India pursue different extra-curricular activities. Due to the pandemic, parents and children are now open to learning these skills online. Crejo.Fun was founded with the vision of helping children discover their hidden treasures and pursue their passions."

"To fulfill this vision, we provide children access to high-quality teachers and courses, designed as per modern pedagogy, which will help them build their creative and cognitive skills from the comfort and safety of their homes. 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," he added.

Rajat Agarwal, Matrix India’s Managing Director, said, "“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 holistic development of their children. We believe Crejo.Fun is uniquely positioned to win in this space with it’s 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.”

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