- Investors including Omidyar Network India, AET, Better Capital, First Cheque, and Abhishek Nag participated in the funding round.
- The startup will use the funding to expand its content library to reach more audiences.
- Kutuki enables preschool students to learn online through its platform.
Bengaluru-based online kids learning platform Kutuki has raised Rs 16 crore ($2.2 million) in a Seed funding round led by Mumbai-based venture capital firm Omidyar Network India.
The startup will use the funding to expand its content library to cover other languages to reach more learners. Additionally, Kutuki will also look forward to improving its product capabilities and expand its presence in tier 2 cities, the statement said.
Other investors including Japan-based Akatsuki Entertainment Technology (AET) and existing investors Better Capital, First Cheque, and Abhishek Nag (Director of business development at Netflix), also participated in the funding round.
Founded in 2019 by Bharath Bevinahally and Sneha Sundaram, Kutuki (Soniqmantra Private Limited) enables preschool learners to learn online in various languages including English, Hindi, Kannada, Tamil, and Marathi.
The platform uses proprietary stories and a songs-based curriculum to attract preschool learners, the startup said.
Last year, Prime Minister Narendra Modi in Mann ki Baat recognized Kutuki as the winner in the e-learning category in Aatmanirbhar Bharat App Innovation Challenge.
Commenting on the funding round, Bharath Bevinahally, said, “Our endeavour from inception has been to create meaningful and tangible impact through engaging, interactive animated and illustrated content in a format that Indian children love. We will be utilizing the funds to enhance and personalize the Kutuki experience, strengthen our technology and content backbone and also provide deeper insights to parents.”
Speaking on the investment, Sarvesh Kanodia from Omidyar Network India, said, “Kutuki is catering to a largely unserved market of local language speaking families including the 500 million or so users coming online for the first time, often referred to as the Next Half Billion. We are excited to back the Kutuki team on its mission to impact millions of young learners over the coming years.”
Besides Kutuki, SP Robotic Works, iChamp, Uable, PlayShifu, among several others working in the online learning segment.
Apart from Kutuki, Omidyar Network India has also invested in other edtech startups such as Vedantu, Varthana, Whitehat Jr, Uolo, etc.