Edtech Startup Creative Galileo raises $2.5 million led by Kalaari Capital & Others
An educational technology start-up Creative Galileo has announced a $2.5 million funding round. With a $2.1 million investment, Kalaari Capital led the round, with the rest coming from well-known angel investors like Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri, and Giridhar Malpani.
The funds will be used to expand the company, improve its product, create new interesting content, form relationships with premier animation studios, and hire new talent.
Creative Galileo is one of India's fastest-growing early learning apps, with more than 4 million downloads in the first year of its release. The App's novel approach has made it popular among kids and parents, with over half a million monthly active users. The App combines the finest of education and entertainment to provide young brains with individualised, integrated learning experiences. It uses narrative movies, gamification, and tailored learning journeys to improve a child's growth.
Apart from India, the App is gaining popularity in international markets, with 10% downloads reported from Nepal, Bangladesh, the United Arab Emirates, the United States, and other nations.
Announcing the funding, Prerna A. Jhunjhunwala, Founder, Creative Galileo, said, "We are excited to partner with Kalaari Capital, the CXXO initiative, and angel investors on our growth journey ahead. Our vision is to provide millions of children with access to high-quality content for learning in the early years for a solid foundation while keeping the process fun. The funding will help us add more famous Indian and International characters and languages, hire talent, scale-up and forge new alliances. This will further fuel our efforts in creating more personalized, inclusive, and relatable content helpful in a child's development in the early years."
Over 800 million learners around the world do not have access to excellent education, according to a recent UNESCO report. The 'Kids Early Learning App' by Creative Galileo was created to make learning more accessible, particularly for the early learning segment, which is underserved and under-invested.
"At Kalaari we believe that technology in learning can bring unmatched access and affordability and improve literacy for a much larger target segment.
Technology as a means of transformation led by passionate founders designed for the next generation of young digitally native learners is what Creative Galileo stands for," said Vani Kola, Managing Director, Kalaari Capital. "When we met Prerna and Nikhil, we truly saw them as shapers of a digital tomorrow building the EdTech solutions for global learners of the future. We are also proud that Creative Galileo is our first investee from our flagship CXXO Program that we launched earlier this year."