Edustoke Secures Rs 3 Cr Seed Funding From Indus Initiatives
The brand will use the funding to bolster its technology and operations in school search and advisory vertical as well as fresh initiatives beyond schools
edustoke is an online platform in preschool to K 12 space bridging parents' need for information and expert advice on education choices. The firm has recently raised Rs. 3 Cr. in seed funding for the brand from Indus Initiatives.
The brand will leverage the capital infusion to scale to new cities across the country. It will also invest in technology to bolster its platform, strengthen its team, and build the brand. They are looking at increasing their services that are being used by a host of education service providers and ed-tech companies to acquire customers. The platform is currently servicing 15 cities in the country, intending to expand to 45 new cities by early 2022, both national and international, such as Bhopal, Lucknow, Guwahati along with Dubai, Abu Dhabi, Riyadh, Doha and Bahrain among others. In addition, it is working with banks and fintech companies to extend 0 per cent EMI to parents to afford quality education.
