Edyoo, an e-commerce platform focused in selling school products, recently raised $1 Mn in pre-series A funding from RS Shanbag, Chairman and MD of Valuepoint Group.
The funds raised will serve the purpose of product development, technology, marketing and expansion of team in its areas of operation.
Edyoo was founded in June 2017 by Rakshit Kejriwal – who also co-founded DropKaffe — and is an online marketplace that offers items destined to school children between the ages of four and 18, notably, uniforms, stationery, water bottles, and more. Additionally, the e-commerce platform offers several other value-added products and services, such as EMI on school fees, health check-up plans, insurance on education, sports packages and edutainment.
Edyoo currently boasts a team of 30 employees and claims to have struck partnership deals with over a thousand K-12 and pre-schools all over the country as well as hundreds of school vendors and brands. Additionally, the firm asserts that it is also serving over 50,000 parents and plans to take this figure over the bar of 2 lakh by the end of the year.
In March 2018, Edyoo made the acquisition of Yoscholar.com, a company that operated a similar business.