India’s first hybrid learning venture, School of Accelerated Learning (SOAL), has closed its first round of funding of $300,000 with Astarc Ventures as the lead investor.
LiveMint has reported that others investing in the school in this round include tech and start-up leaders Srinivas Kollipara, founder of T-Hub; Ramki Gaddipatti, founder and CTO of Zeta; and Krishnan Menon, founder of BeeCash.
The aims of the School of Accelerated Learning are to nurture students into disruptive, tech-empowered creators and leaders who can enable rapid progress of society.
The founders of the Indian education startup, Pratik Agarwal, Raj Desai and Varsha Bhambhani, say they are solving the dual problem of education and employability through the inception of the school.
Graduates of SOAL’s programme have recently started working with tech organisations like ShopClues, ClearTax, FactSet, ThoughtWorks, NowFloats, and Schrocken.
Funds will help School of Accelerated Learning launch new campus and programmes
This round of funding is likely to help fund the launch of a second campus in Mumbai by the end of 2019, and also introduce a range of new programmes in creative-tech such as digital marketing, Artificial Intelligence, blockchain and design.
Over the coming two years, SOAL aims to launch its tech-enabled learning spaces in metros as well as tier 2 cities.
Co-founder Pratik Agarwal said: “With SOAL, we are not only impacting that one individual but an entire bunch of people around them. Raising someone’s aspiration trickles down through generations and that has the impact that we, at SOAL, are looking at.
“We are here to build what a college of the 21st century needs to look like – dynamic, accessible, fast. Our learners are picking up skills that will help them embrace and drive disruption. We are on our way to changing how we learn tech forever, and this is just the beginning!”
The lead investor in this round, Mumbai-based Astarc Ventures, has invested in an array of technology ventures such as Virgin Hyperloop One, Rapido and PharmEasy.
The School of Accelerated Learning investment is Astarc Ventures’ first in edtech.
Astarc believes that the education market needs disrupting and that SOAL’s focus on career development of Indian youth through quality education is the solution required.
Salil Musale, Director of Astarc Ventures, said: “We think there is an acute shortage of demand and supply with respect to tech talent in the market and with the tech stacks evolving rapidly, an effective upskilling solution with the focus on the industry is the key to bridge the gap.”
Hari is the Managing Editor of Global Education Times. Hari has clocked nearly a decade working as a communications professional with a focus on the education sector. He has also had stints in journalism and advertising in a career which has seen him live, study, and work, in three countries.
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