Menterra, Artha India invest in ed-tech startup Chrysalis
Summary
Last year, Chrysalis introduced Buzzle Cards, which helps impart core concepts of mathematics and English using augmented reality through an app. “We need organisations focused on the difficult trinity of learning outcomes, sound economic fundamentals and impact on underprivileged students,” said Maya Chandrasekaran, education lead at Menterra. VCCircle reported earlier this year that Menterra had committed a bulk of its debut fund and was on the verge of closing new deals outside the education segment. Ltd, which designs toys and learning projects for kids, raised $2 million (Rs 13 crore) in fresh funding led by an individual investor. In March, ed-tech startup Buddy4Study had raised $3 million (Rs 20 crore) in Series A funding from existing investor CBA Capital, which is backed by the Michael and Susan Dell Foundation (MSDF).