Tinkerly, an edtech startup, has raised Rs 6.5 crore led by Navneet Tech Ventures. It is a wholly-owned subsidiary of Navneet Education Limited (NEL), an Indian publication and content provider firm.
The funding has been invested by other existing investors such as SucSEED Angel Network, Keiretsu Forum, Divyashish Jindal (Head of Academics at Doubtnut), Chand Das (Former CEO of ITC Education), Saurabh Aggarwal (Co-founder Fitso, Acquired by Zomato), Marwari Catalysts, and others.
According to a new portal focused on startups, the company has raised Rs 10 crore in total from the investors. Skwerup Capital Partners has been an advisor on this transaction.
The edtech firm is planning to use this fund to increase consumer awareness, product development and expand geographies and establish itself as a strong global brand.
Tinkerly’s co-founder and CEO Sharad Bansal told the news portal: “The fresh capital will multiply our efforts to rapidly grow our online user base and invest in technology. Tinkerly’s unique (Kit + Live Class) courses combined with Navneet, India’s most loved education brand that carries a 6-decade old legacy, will set new benchmarks of learning outcomes and spark the joy of making among students across the globe.”
Currently, the platform has 50,000 plus online learners and reaches more than 6,000 schools and 100 plus learning centres.