Indian edtech startup Supernova raises $1.1 million in pre-seed funding even as Indian startup funding hits a 2-year low

• Kae Capital, All-in Capital, Goodwater Capital and so on participated within the spherical.
  
• Focused in the direction of youngsters aged 4-12, Supernova’s reside quizzes goal to cowl topics via interactive 30-minute periods.
  
• The net training market in India – which incorporates K12, greater training and lifelong studying or upskilling – is presently price round $1.9 billion.

Supernova, an Indian edtech startup, on Thursday stated it had raised $1.1 million in a pre-seed funding spherical that was led by Lumikai, an Indian gaming and interactive media enterprise capitalist.

Different traders who participated within the spherical embrace Kae Capital, All In Capital, Goodwater Capital and distinguished angel traders – Nandan Reddy and Phani Kishan – founders of Swiggy; Nitin Gupta – founding father of PayU and Uni; Prashan Aggarwal – ex-CEO of Gaana; and Tanay Tayal – founding father of Moonfrog labs.

The funding comes at a time when Indian startups funding has hit a
two-year low at $2.7 billion in Q3, in line with PwC report
Startup Offers Tracker-Q3 CY22.

Nonetheless,
PwC states “funding within the Indian edtech section has proven a optimistic development in Q3 CY22 in comparison with the earlier quarter (in worth phrases).”

Supernova was began by Anirudh, Nawin and Maharishi in 2021. Focused in the direction of youngsters aged 4-12, the edtech agency goals to redefine the present passive types of studying by making studying extra partaking and enjoyable.

Supernova makes reside quizzes in interactive gaming codecs on varied topics of CBSE for college students from class 1 to class 8. Stay quizzes, “Byte-Sized” classes and worksheets on CBSE matters might be accessed on Supernova.

“As we speak’s youngsters are born right into a world of smartphones and extremely partaking digital experiences, so they give the impression of being for a similar ranges of engagement from their studying experiences. Because of this, training is present process a generational shift in the direction of user-centricity,” Maharishi RB, co-founder, Supernova stated.

Their reside quizzes goal to cowl topics via interactive 30-minute periods.

The net training market, which incorporates K12, greater training and lifelong studying or upskilling in India is presently price round
$1.9 billion.

“We imagine that methods of play and gaming finest practices have the potential to unlock huge disruption in edtech. Supernova is taking a first-principles method to an enormous alternative with a brand new platform that re-imagines youngsters’ training by leveraging the facility of experiential, game-based “studying by doing”,” Justin Shriram Keeling, founding basic companion, Lumikai Fund stated.

With the quantity raised, Supernova will additional develop and scale the product to include multiplayer codecs, strengthen its management staff and deploy methods that can amplify product lead consumer acquisition over the following 18 months.

”Conventional edtech fashions characterised by excessive buyer acquisition prices, prohibitively costly programs, and poor studying outcomes are unsustainable,” Sunitha Viswanathan, Companion, Kae Capital stated.

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