Raising Superstars, an edtech startup based in Mumbai, has successfully raised $2 million in a pre-Series A funding round led by BLinC Invest, a venture capital fund specialising in investments within the edtech and fintech sectors. The newly acquired funds will be utilised to strengthen the management team, enhance the company’s global presence through content localisation, and invest in technology advancements.
“This fundraise is an important milestone for us because it will help us expand our offerings (both vertically and horizontally) and serve our customers better around the world. We are grateful to the BLinC Invest team for expressing confidence in our product. We are excited about what lies ahead.”
Founded in 2020 by Raghav Himatsingka and Shraddha Himatsingka, Raising Superstars provides activity-based educational videos designed to engage and teach children aged 0-6. The Mumbai-based startup aims to foster holistic development in children by offering a proprietary method called the Prodigy Framework. This unique pedagogy focuses on creating a positive learning environment and nurturing essential skills during early childhood.
Expressing his enthusiasm, Raghav Himatsingka, Co-founder and CEO of Raising Superstars, stated, “This fundraising milestone is significant as it will enable us to expand our offerings and cater to customers worldwide. We are grateful to the BLinC Invest team for their confidence in our product, and we are excited about the future.”
Amit Ratanpal, Founder and MD of BLinC Invest, commented on the investment, saying, “The Early Childhood Care and Education report 2021 by BLinC Invest highlights the tremendous potential in this sector. We believe that Raising Superstars has created a new category in Early Childhood Development by offering a well-researched pedagogy for comprehensive brain development in children aged 0 to 6 years. Our research indicates that the engaging activities provided by Raising Superstars will contribute to a child’s future success in school, the workplace, and beyond.”
The edtech industry in India continues to witness significant investments. In May 2023, Bengaluru-based edtech startup Ulipsu secured $3.2 million, closing its pre-Series A round at $5.7 million. Ulipsu aims to accelerate its growth by expanding its presence in domestic and global markets while diversifying its product portfolio. Additionally, uFaber, an edtech startup specializing in training programs for English communication, soft skills, and standardized tests such as IELTS and TOEFL, raised $3.02 million (Rs 25 crore) in a Series A funding round from Mastermind JPIN Capital Partners and Gray Matters Capital.
Raising Superstars’ successful funding round reinforces its position as an innovative player in the edtech space, dedicated to empowering young learners and supporting their overall development.