[Funding alert] Ronnie Screwvala invests $5M in 21K School in its pre-Series A round

The first online-just school in Quite a while – 21K School – has as of late brought $5 million up in pre-Series A round from Ronnie Screwvala, Co-Founder and Chairman, upGrad. 

Established in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar, 21K School plans to make a 100% web-based school offering kids matured 3 to 18 years a decision of three educational programs – Indian, American and British. 

The organization plans to send the assets raised to increase its effort to understudies in India and abroad, and fortify its learning stage for information driven guidance across all educational programs. 

21K School is focusing to scale 10X to more than 25,000 to 30,000 confirmations in the following scholarly year. 

Ronnie Screwvala, said, 

"The eventual fate of instruction is here, and it's changing the manner in which we contemplate tutoring. 21K School will offer extraordinary worth to understudies while upsetting conventional schools in its own space with intelligent innovations that draw in students on each degree of improvement. I'm eager to help Santosh and Yeshwanth as they expect to extend inside India and universally." 

Santosh Kumar, Co-originator and Chief Executive Officer, 21K School, said, 

"Online schools like 21K School can offer equivalent freedom and admittance to a large number of understudies in India or across the globe. The speculation by Ronnie will assist us with contacting more than 18 million Indians living abroad with a chance to concentrate on the inexorably famous Indian Curriculum while they keep on living abroad." 

"The speculation will assist us with fortifying our adaptable, customized and straightforward training model, guaranteeing that understudies get the most ideal learning experience. The 21K group goes along with me in expressing gratitude toward Ronnie for their faith in our vision," added, Yeshwanth Raj Parasmal, Co-originator and Chief Operating Officer, 21K School. 

The edtech startup has more than 2,750 understudies contemplating from north of 400 urban areas across India and 23 different nations. 

This pre-Series A raise support was worked with by Loestro Advisors LLP, drove by Rakesh Gupta.

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