Edtech Startup Learn Clue Secures Angel Funding From Markus Ament
Thursday, 10 February 2022, 13:08 IST
Learn Clue is an educational technology startup. According to a statement from EdtechPvt Ltd, serial fintech entrepreneur Markus Ament (Maex) has provided angel money.
According to the announcement, the funds will be used for sales and marketing, product development, and operations. It did not reveal the transaction's financial details.
P.P.R Prasad and SatishBabu launched Learn Clue in the year 2020. The company operates a digital skill development app that focuses on a student's complete growth. It claims that its product, Digital Abacus, works in the same way as the ancient abacus to compute procedures, allowing youngsters to develop their cognitive, lateral thinking, and arithmetic talents.
“Our products are designed with core values of developing high order thinking skills and problem solving abilities essential to students at different stages of their life as part of our roadmap” stated cofounder Prasad and Babu.
Learn Clue's early goods have a tremendous impact on kids, according to investor Maex, who is known for floating fintech companies.
“And knowing the vision and product ideas the team is working on is making me extremely bullish on Learn Clue and how we are impacting education globally” he added. Centrifuge is a financial supply chain operating system that Maex co-founded. He was a founding member of Ebydos and the founder of Taulia.
The deal was advised by Lakhani Financial Services. The investment in Learn Clue demonstrates long term investor interest in the edtech area, which has benefited from the pandemic's tailwinds.
According to a BLinC Investment Management analysis, India’s edtech sector is predicted to develop at a CAGR (compound annual growth rate) of over 15% from $2.8 billion in 2020 to $30 billion in 2030, making it the world's most active edtech market.
According to the announcement, the funds will be used for sales and marketing, product development, and operations. It did not reveal the transaction's financial details.
P.P.R Prasad and SatishBabu launched Learn Clue in the year 2020. The company operates a digital skill development app that focuses on a student's complete growth. It claims that its product, Digital Abacus, works in the same way as the ancient abacus to compute procedures, allowing youngsters to develop their cognitive, lateral thinking, and arithmetic talents.
Learn Clue's early goods have a tremendous impact on kids, according to investor Maex, who is known for floating fintech companies
“Our products are designed with core values of developing high order thinking skills and problem solving abilities essential to students at different stages of their life as part of our roadmap” stated cofounder Prasad and Babu.
Learn Clue's early goods have a tremendous impact on kids, according to investor Maex, who is known for floating fintech companies.
“And knowing the vision and product ideas the team is working on is making me extremely bullish on Learn Clue and how we are impacting education globally” he added. Centrifuge is a financial supply chain operating system that Maex co-founded. He was a founding member of Ebydos and the founder of Taulia.
The deal was advised by Lakhani Financial Services. The investment in Learn Clue demonstrates long term investor interest in the edtech area, which has benefited from the pandemic's tailwinds.
According to a BLinC Investment Management analysis, India’s edtech sector is predicted to develop at a CAGR (compound annual growth rate) of over 15% from $2.8 billion in 2020 to $30 billion in 2030, making it the world's most active edtech market.
