AR-Focused Ed-Tech Startup Raises $2 Mn Funding
Smartivity Labs, an Augmented Reality (AR) EdTech startup, recently raised $2 Mn from Ashish Kacholia, an early venture investor. The funds raised will serve to scale Smartivity’s operations in international markets. Smartivity Labs is also backed by S Chand Group, a publishing company based in Delhi.
We closed 2017-18 at $1.4 Mn at around 2.5x to 3x year-on-year growth. This year, we are projecting around $3.5 Mn. We are also on the verge of finalizing newer markets like Japan, China, Russia and Western Europe,
said Tushar A Amin, co-founder of Smartivity Labs.
The association between Smartivity Labs and S Chand Group is to develop academic content for subjects such as science, technology, English and Mathematics (STEM) as well as arts in order to provide a learning-based DIY kit. T...