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Indian robotics education startup rakes in $3m in funding
India-based edtech startup SP Robotic Works has raised US$3 million in fresh funding to expand its user base and bolster its product portfolio.
More funding details
- Lead investors: Mount Judi India Growth Fund
- Existing investors: Indian Angel Network, HCL founder Ajai Chowdhry, and Quatrro chief managing director Raman Roy
- Other investors: BCCL
- Stage: Series A
More company updates
- Founded in 2012, SP Robotic Works offers more than a dozen kit-based courses in robotics, coding, drones, virtual reality, AI, and Android-app building.
- The company’s online classes are delivered via Sparky, a personalized AI-powered teacher.
- The Chennai-based firm has operations in 14 countries, including Singapore, Thailand, Australia, and Mauritius.
- India’s online education market for the K-12 segment, which SP Robotics targets, is likely to grow over 6x from US$269 million in 2019 to US$1.7 billion by 2022, according to a RedSeer report.
For more coverage on the edtech sector, head here. You can also click on the link below to view the company’s key details and funding history.
Editing by Miguel Cordon and Arpit Nayak
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