Edtech Startup Camp K12 bags $12 Million led by Matrix Partners India & Elevation Capital
Gurugram based ed-tech startup, Camp K12 has raised $12 million. The series A funding round was co-led by Elevation Capital and Matrix Partners India.
The company will utilise this funding towards hyper-scaling operations & marketing, hiring leaders across functions and to build an engineering & product team.
“Over the next six months, the company will add two new geographies and one new content category. It will deepen its reach in each existing geography via a group class format that in India already accounts for 25%+ of revenues,”said the company in a statement.
Gurugram based Camp K12 was founded by AnshulBhagi (CEO) and Sandeep Bhagi. It is an onlineschool for 21st-century skills and teaches English, coding and other subjects to children through interactive, live gamified sessions. Camp K12 launched English as its first category after coding.
“We are able to establish our product leadership in every category and geography we have forayed into, be it India, Middle East, or the United States. This Series A investment will accelerate our expansion and we are beefing up our team with experienced Do-ers from Business, Sales, Marketing, Product, Operations and Engineering,” said Sandeep Bhagi, Co-Founder, Camp K12.
Camp K12’s US business has grown two folds, month-on-month over the past three months. In the Middle East, its business has grown three folds month-on-month.
“Their investment in product R & D has also allowed them to nimbly expand into new categories and geographies and to rapidly scale small group classes as a format. We’re thrilled to double down on our partnership with Camp K12 and are really excited about what lies ahead,” said Mukul Arora, Partner, Elevation Capital.
In the coming six months, the company will add one new content category and two new geographies and will deepen its reach in existing geography. This will be done through a group class format that in India already accounts for over 25 percent of revenues.
The company will utilise this funding towards hyper-scaling operations & marketing, hiring leaders across functions and to build an engineering & product team.
“Over the next six months, the company will add two new geographies and one new content category. It will deepen its reach in each existing geography via a group class format that in India already accounts for 25%+ of revenues,”said the company in a statement.
Gurugram based Camp K12 was founded by AnshulBhagi (CEO) and Sandeep Bhagi. It is an onlineschool for 21st-century skills and teaches English, coding and other subjects to children through interactive, live gamified sessions. Camp K12 launched English as its first category after coding.
“We are able to establish our product leadership in every category and geography we have forayed into, be it India, Middle East, or the United States. This Series A investment will accelerate our expansion and we are beefing up our team with experienced Do-ers from Business, Sales, Marketing, Product, Operations and Engineering,” said Sandeep Bhagi, Co-Founder, Camp K12.
Camp K12’s US business has grown two folds, month-on-month over the past three months. In the Middle East, its business has grown three folds month-on-month.
“Their investment in product R & D has also allowed them to nimbly expand into new categories and geographies and to rapidly scale small group classes as a format. We’re thrilled to double down on our partnership with Camp K12 and are really excited about what lies ahead,” said Mukul Arora, Partner, Elevation Capital.
In the coming six months, the company will add one new content category and two new geographies and will deepen its reach in existing geography. This will be done through a group class format that in India already accounts for over 25 percent of revenues.