Bengaluru: Bengaluru-based Edtech startup Kyt on Wednesday raised $5 million in a Series A funding round. The investment is led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital. Sequoia Capital India’s Surge, January Capital, Titan Capital and other angel investors also participated in the round.
Kyt will use these funds to expand its operations to Abu Dhabi and use the Emirates as its regional headquarters for targeting the Gulf Cooperation Council (GCC), Middle East/North Africa and other global markets. Kyt also plans to build a world-class team of data scientists, product managers and engineers located in Abu Dhabi.
Founded in June 2020, Kyt runs online-only extracurricular courses by combining live classes with video based revision materials for children from ages 5 to 15 years, in a full stack model. With flexible private and small group sessions, the company offers courses across disciplines such as yoga, dance, music, chess, etc. to students around the world.