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88Academics India Raises $3 Million Funding From Mohandas Pai'S Aarin Capital Partners, Others

Sep 27, 2021•almost 4 years ago

Amount Raised

$3 Million

Round Type

seed

Delhi

Description

New Delhi: Edtech firm 88academics on Monday said it has raised equity financing of about $3 million (about Rs 22.1 crore) in funding, led by Aarin Capital Partners. The pre-series A round also saw participation from Piyush Gupta (DBS Group CEO), Vinod Gupta (VG Learning Destination MD), P S Jayakumar (ex-MD and CEO of Bank of Baroda), Ramesh Swaminathan (Lupin Group CFO), Ajay Abrol (ex-Head Proprietary Trading of Nomura Singapore), Prem Rajani (Rajani Associates managing partner), Akshay Gupta and N Jayakumar (Prime Securities management team), a statement said.

Company Information

Company

88academics

Location

Delhi, Delhi, India

About

Edtech firm 88academics on Monday said it has raised equity financing of about $3 million (about Rs 22.1 crore) in funding, led by Aarin Capital Partners. 88academics (India)—an 88tuition (Singapore) group company—will use the funds to develop India specific content for the K-12 segment, it added. "88academics provides us with an opportunity to invest in a sector we know well and back a highly experienced management team with a differentiated product and a disruptive business model," he added.