2021-06-03

Crejo.Fun raises $3M seed funding led by Matrix Partners India

 

Bengaluru. 3rd June 2021: Crejo.Fun, India’s leading online platform for extra-curricular activities for children aged 4-14 years, has raised $3M in seed funding led by Matrix Partners India, 021 Capital, a venture capital firm backed by Flipkart co-founder Binny Bansal, and prominent angel investors such as Kalyan Krishnamurthy (CEO, Flipkart), Sujeet Kumar (co-founder, Udaan), Rahul Chari (co-founder, PhonePe), Sameer Nigam (co-founder, PhonePe), Kunal Shah (founder, Cred), Prashant Purker (Ex-CEO ICICI Ventures), Saikiran Krishnamurthy (Founder, xto10x), Mekin Maheshwari (ex-CPO Flipkart), Srini (Founder, TutorVista), Ankit Nagori (co-founder, Cure.Fit), Lalit Keshre (Founder, Groww), Anil Goteti (Ex-SVP, Flipkart), Giridhar Malpani and Gemba Capital. The funds will be used for team expansion, product and content development, as well as to drive growth.
 
Founded by IIM Bangalore alumni Vikas Bansal and Ankit Agarwal, Crejo.Fun envisions helping children discover their hidden treasures and pursue their passion by providing fun and exciting courses for extracurricular activities. These online courses are designed by subject matter experts and delivered live by qualified teachers in a small group format (up to 4 children) to provide individual attention to children. Additionally, all classes are conducted in Crejo’s proprietary FunRoom - an innovative virtual classroom that leverages computer vision, animations and gamified content to provide a “better than physical classroom” learning experience while providing tools to teachers to conduct seamless online classes from the comfort of their homes. Currently, the platform offers yoga, dance, and art & craft classes with more categories in the pipeline.
 
Commenting on the fundraise, Vikas Bansal, Co-founder of Crejo.Fun (ex-Flipkart Senior Director), said, “Over 100 million children in India pursue different extra-curricular activities. Due to the pandemic, parents and children are now open to learning these skills online. Crejo.Fun was founded with the vision of helping children discover their hidden treasures and pursue their passions. To fulfill this vision, we provide children access to high-quality teachers and courses, designed as per modern pedagogy, which will help them build their creative and cognitive skills from the comfort and safety of their homes. Additionally, we will unlock online teaching for extra-curricular activities as a career opportunity for teachers across India, enabling them to teach students globally and augmenting their income while pursuing their passion.”
 
Rajat Agarwal, Managing Director, Matrix India, commented, “The extra-curricular activities for children is a $10B+ market opportunity in India alone. Demand for online learning has sky-rocketed over the last twelve months with parents looking for holistic development of their children. We believe Crejo.Fun is uniquely positioned to win in this space with it’s fun, interactive and product-first approach. We’re excited to be on this journey with Vikas and Ankit and look forward to building a revolutionary learning platform for children.”
 
About Crejo.Fun:
Crejo.Fun is a digital extracurricular learning platform founded in 2020 by Vikas Bansal and Ankit Agarwal, to help children discover their passions and interests through creative learning. The courses are developed by curriculum experts and focus on the SPICE (Social, Physical, Intellectual, Creative, and Emotional) development of children to facilitate their holistic growth into well-rounded individuals. Crejo.Fun strives to create a learning experience built around enjoyment, as they believe learning through fun is the best way to help children along the path of self-discovery. For more information, visit: https://www.crejo.fun
 
About Matrix Partners India:
Matrix Partners India is an investment firm with approximately $1 billion under management. Founded in 2006, the firm invests in companies targeting the Indian consumer and enterprise market at the seed, early and early growth stages. Matrix India has invested in several market leading Ed-Tech companies such as Camp K12 (global online school for 21st century skills), Testbook (professional learning), Toddle (SaaS enabled marketplace for the global teacher community), Pesto (career accelerator for developers), Antwak (cohort based courses for professionals).

Other marquee investments include Ola (mobility), Dailyhunt (mobile local language platform), Mswipe (mobile POS), Five Star Business Finance (SME lending), OfBusiness (credit led B2B marketplace), Ola Electric (electric vehicles), Razorpay (payments), Stanza Living (tech enabled student housing platform), OneCard (mobile-first credit card), DealShare (social commerce platform), Country Delight (D2C dairy & fresh foods brand), and Cloudnine Hospitals (leading chain of maternity hospitals) among others. Matrix India has advisory offices in Bangalore, Delhi and Mumbai. Matrix Partners has a global network of funds investing in the US, China and India, with approximately $5 billion under management. Further information is available at www.matrixpartners.in. To know more about our investment philosophy & ideologies, check out the #MatrixMoments podcast series.