Naandi Education Support & Training (NEST), a technology driven, social impact focused company has secured follow-on funding of Rs 4 crore from the Michael & Susan Dell Foundation and Anand Mahindra, chairman of the Mahindra Group.
The company plans to utilize funds to widen its outreach and achieve the goal of educating 100,000 students by FY 2022.Commenting on the development, Debasish Mitter, Country Director, Dell Foundation said, “We find the ability of NEST to aggregate content from around the world and to deliver multiple products through their centers very appealing.”
Commenting on the development, Debasish Mitter, Country Director, Dell Foundation said, “We find the ability of NEST to aggregate content from around the world and to deliver multiple products through their centers very appealing.”
NEST Education owns and operates two centers under the brand ‘Alphabyte The Learning Terminal’. With a unique ‘Tech-N-Brick’ education model, Alphabyte aims to upgrade human capital across urban India. At alphabyte, technology is seamlessly used to fast track learning of each and every individual through customised learning modules that are curated from the best knowledge providers and pedagogies across the globe.
“Entrepreneurial efforts like NEST that combines technology and center-based coaching to aspiring children and youth are the best way to upgrade human capital in our country today,“ said Mahindra.
According to the company website, the team aspires to reach out to a hundred thousand children and young adults in next 5 years, helping them scale the social and economic ladder with the power of education.
In August 2017, an online platform for higher education, Leverage had raised an undisclosed amount in seed funding from a bunch of prominent investors.
Earlier in July 2017, Gamified edtech startup PlayAblo had secured $600k funding led by ABI-Showatech (India) Ltd. In the same month, Thinkerbell Labs, which builds literacy devices for the visually impaired had raised an angel investment of Rs 1.3 Crore from Indian Angel Network and Anand Mahindra.