[Funding alert] Maths learning app Countingwell raises Pre-Series A round
Summary
Ltd., an edtech startup and the parent company of maths learning app Countingwell, on Tuesday raised a Pre-Series A funding round of $1 million (₹7.3 Crore) from Delhi Private School, UAE, and Interstar, an education management company and other angel investors. The app also features a unique learning model via 20-minutes ‘maths workouts’ daily, designed to minimise screen-time. "This round of investment from leading educational operators in India and UAE, even as we are just starting, stands testimony to the strengths of our pedagogy and our unique ‘maths workout’ based learning model,” added Nirmal. Commenting on the fund raise, Pravin Batavia, Director, Delhi Private School, UAE said, “Countingwell has picked the right audience in middle school students, which is not only a highly underserved segment when it comes to learning, but also spans the most important years to build a foundation for future career. The app is available only for Indian users but the startup plans to soon launch in several global markets.