Edtech Firm TagHive Garners $2.5 Million from Forest Partners
TagHive, an edtech firm, has garnered $2.5 million in a Series A fundraising round headed by Forest Partners, a South Korean alternative investment group.
The funding will be used to develop the startup's technology and grow its local workforce in India.
TagHive was founded in 2017 by Pankaj Agarwal with the goal of using smart technology to improve classroom learning. Its flagship product, 'Class Saathi,' is an AI-powered clicker designed to boost student engagement and involvement in the classroom.
Class Saathi includes a clicker for each student as well as a mobile app for the teacher. Teachers may use the mobile app to review classroom topics and administer brief quizzes. Pupils may then react to the questions using their unique clickers, allowing teachers to view the responses in real time to determine which students require more personalised attention.
Because it operates over Bluetooth and does not require an energy connection, the reasonably inexpensive solution does not necessitate school infrastructure upgrades. According to the business, it has already worked with the state governments of Uttar Pradesh and Madhya Pradesh to introduce the technology in over 2,200 public schools across the two states.
Alex Seung Han, Forest Partners' founding partner, stated, “we are confident and highly impressed by TagHive’s team and ability to execute its plans to deliver much needed smart learning tools to public schools across India. This deal marks our first foray into India and is well-aligned with our strategy to invest in disruptive companies with potential for global expansion.”
Indian edtech businesses have secured about $5 billion in finance, including BYJU's Term B Loan funds ($1.2 billion). In addition, the total amount raised by edtech startups between 2014 and 2021 is $8.1 billion.
Last week, Indian edtech startup Adda247 paid $20 million (INR 150 crore) in cash and shares for Union Public Service Commission (UPSC) exam-focused edtech company StudyIQ.
The funding will be used to develop the startup's technology and grow its local workforce in India.
TagHive was founded in 2017 by Pankaj Agarwal with the goal of using smart technology to improve classroom learning. Its flagship product, 'Class Saathi,' is an AI-powered clicker designed to boost student engagement and involvement in the classroom.
Class Saathi includes a clicker for each student as well as a mobile app for the teacher. Teachers may use the mobile app to review classroom topics and administer brief quizzes. Pupils may then react to the questions using their unique clickers, allowing teachers to view the responses in real time to determine which students require more personalised attention.
Because it operates over Bluetooth and does not require an energy connection, the reasonably inexpensive solution does not necessitate school infrastructure upgrades. According to the business, it has already worked with the state governments of Uttar Pradesh and Madhya Pradesh to introduce the technology in over 2,200 public schools across the two states.
Alex Seung Han, Forest Partners' founding partner, stated, “we are confident and highly impressed by TagHive’s team and ability to execute its plans to deliver much needed smart learning tools to public schools across India. This deal marks our first foray into India and is well-aligned with our strategy to invest in disruptive companies with potential for global expansion.”
Indian edtech businesses have secured about $5 billion in finance, including BYJU's Term B Loan funds ($1.2 billion). In addition, the total amount raised by edtech startups between 2014 and 2021 is $8.1 billion.
Last week, Indian edtech startup Adda247 paid $20 million (INR 150 crore) in cash and shares for Union Public Service Commission (UPSC) exam-focused edtech company StudyIQ.
