Edtech startup WizKlub raises nearly $1m in seed funding

Bengaluru-based edtech startup WizKlub has raised 70 million rupees (US$980,000) in a seed round led by seed and pre-seed stage VC firm Incubate Fund India.

WizKlub founder and CEO Amit Bansal / Photo credit: WizKlub

The investment round, which also included participation from Insitor Impact Asia Fund, brings the startup’s total capital raised to 120 million rupees (US$1.7 million) so far, according to a statement.

WizKlub was established in 2018 by Amit Bansal, together with a leadership team with extensive experience in education. The startup’s programs help children aged five to 15 develop cognitive skills through an AI platform that delivers personalized learning experiences.

Its higher-order thinking skills (HOTS) program makes sure that every child is a smart reader and a smart problem solver. Its SmartTech course, on the other hand, helps children develop lifelong skills in tech through the application of coding, robotics, smart devices, and AI.

With the investment, WizKlub plans to further enhance its products and expand to other markets.

“Technology is transforming the world at an unprecedented pace, which necessitates children of this generation to be lifelong learners and adept problem solvers,” said Bansal. “Our HOTS and SmartTech programs are designed for maximum impact in these areas.”

To date, the startup has over 150 centers in Bengaluru, where it helped more than 3,000 children through its programs. The programs, which are offered on a subscription basis, are on track to onboard over 10,000 learners over the next few months, the startup said.

WizKlub’s fundraise is the latest in a string of investments in India-based edtech firms. Earlier this week, Bengaluru-based InterviewBit, which offers computer science courses through live online classes, raised US$20 million in a series A round led by Sequoia India and Tiger Global.

Think and Learn, the owner and operator of leading learning app Byju’s, also raked in US$200 million from Tiger Global this month, valuing the company at about US$8 billion.