Aimed at driving disruption in the kids’ holistic development space in tier-2 markets across India, the funding round also saw participation from investors such as LetsVenture and JCurve Investment
Founded by Ishan Gupta and Aarti Gupta, Qin1 is an extracurricular activity platform that is building learning and development solutions for children from middle-class and rural backgrounds in the relatively untapped tier-2 geographies across India and nearby countries. Designed for the mass market segment, the platform delivers low-cost solutions focusing on extracurricular learning, arming kids with skills in subjects such as English, coding, Maths, etc. through a combination of live and pre-recorded content.
Speaking on the investment, Ishan Gupta, Co-founder – Qin1, said, “Even though the edtech revolution in India is accelerating at a rapid pace, the mass consumer is still relatively untouched by the transformation that it can deliver. We aim to change that by building exciting solutions and products to aid the development of children in tier-2, semiurban, and rural India. This funding round is a vote of confidence and motivates us to keep raising the bar ever higher by developing more relevant solutions."
Dr. Apoorva Ranjan Sharma, Co-founder & President –Venture Catalysts, added, “More than 60% of India’s population lives in tier-2, semiurban, and rural areas, and yet the current ecosystem for holistic child development is largely focused around the metropolitan and tier-1 markets. Qin1 aims to disrupt that paradigm by building L&D solutions catering to the specific needs of mass consumers across the country. We are delighted to support this transformation with our latest investment and have full faith in the team’s long-term vision and growth potential. We are confident that Qin1 will soon become a leading player in this space – not just in India, but in all emerging markets across Africa and Southeast Asia."
Qin1 is currently present in 50 cities across India and has more than 30,000 young learners currently benefitting from its low-cost edtech solutions. The start-up aims to tap into the $50 billion-market comprising middle-class and rural consumers by expanding its presence to more cities across India, as well as in other developing countries in Africa and Southeast Asia.
About Venture Catalysts
Venture Catalysts is India’s first integrated incubator. It invests $250K – $1.5 Million in early stage start-ups that have potential to create enduring value for over a long period of time. Over the last few years, it has been instrumental in developing and nurturing the country’s vibrant startup ecosystem with a strong presence in Tier 2& 3 markets. Venture Catalysts brings a lethal combination of Capital, Mentoring and Business Network to help investee companies to succeed. Their innovation provides value to start-ups through its extensive angel network, funding, community, services and co-working facility. Venture Catalysts is focussed on providing startups with access to continuous capital from fund, investor network, Tier 1 founders & CXOs, and family offices besides providing them with market access from corporates and global growth programs.
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