21K School Raises $5Million from Ronnie Screwvala

21K School Raises $5Million from Ronnie Screwvala

Ronnie Screwvala, Co-Founder of upGrad, has led a $5 million pre-Series A financing for the education technology providing startup 21K School which has over 2,750 students studying from over 400 cities across India and 23 other countries.

The funding will be used to expand the company’s outreach to students in India and internationally, as well as to improve its learning platform for data-driven training across all curriculums.

Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar, and Joshi Kumar founded 21K School in 2020 with the goal of creating a 100% online school that offers children aged 3 to 18 years a choice of three curricula: Indian, American, and British.

In the coming academic year,

21K School hopes to grow by a factor of ten to over 25,000 to 30,000 admissions.

Ronnie Screwvala, said, “The future of education is here, and it’s changing the way we think about schooling. 21K School will offer great value to students while disrupting traditional schools in its own space with interactive technologies that engage learners on every level of development. I am excited to support Santosh and Yeshwanth as they aim to expand within India and internationally.”

Santosh Kumar, Co-founder and Chief Executive Officer, 21K School, said, “Online schools like 21K School can offer equal opportunity and access to millions of students in India or across the globe. The investment by Ronnie will help us reach out to over 18 million Indians living abroad with an opportunity to study the increasingly popular Indian Curriculum while they continue to live overseas.”

“The investment will help us strengthen our flexible, personalised and transparent education model, ensuring that students get the best possible learning experience. The 21K crew joins me in thanking Ronnie for their belief in our vision,” added, Yeshwanth Raj Parasmal, Co-founder and Chief Operating Officer, 21K School.

This pre-Series A fundraise was facilitated by Loestro Advisors LLP, led by Rakesh Gupta.