Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 21 2018

Ed-tech startup Chrysalis gets backing from Menterra, Artha India

The company had raised pre-Series A investment earlier this year from impact investor Gray Matters Capital.

Education services provider, Chrysalis which is operated by EZ Vidya Pvt. Ltd, has raised an undisclosed amount in fresh capital from two institutional investors.

The company said in a statement that Menterra Venture Advisors, a social impact-focused venture capital fund, and The Artha Initiative, an impact investment initiative associated with Switzerland-based Rianta Capital, had participated in the funding round.

Chennai-based Chrysalis will use the money for research and development.

The company had raised pre-Series A investment earlier this year from impact investor Gray Matters Capital.

“Affordable private schools constitute a large chunk of our school system, and we intend to reach out to every school in this segment,” said Chitra Ravi, founder and chief executive of Chrysalis.

Founded in 2001 by Ravi, Chrysalis provides academic and learning assessment solutions to schools and children. Its flagship product is ThinkRoom, an academic programme developed in-house.

Last year, Chrysalis introduced Buzzle Cards, which helps impart core concepts of mathematics and English using augmented reality through an app. The app animates images on cards, making the learning experience immersive for the student.

“We need organisations focused on the difficult trinity of learning outcomes, sound economic fundamentals and impact on underprivileged students,” said Maya Chandrasekaran, education lead at Menterra.

Chrysalis claims to have reached out to 2.5 lakh students across 11 states and 500-plus schools.

Comment
Related opportunities
  • Payment Solution services
    About Us: E-Pay Solutions India Private Limited - a proven business..
    Locations looking for expansion Andhra pradesh
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100 sq ft.
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • Quick Service Restaurants
    About Us: A variety of traditional hawker snacks and street foods..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    Café Udupi Ruchi, is a restaurant which will provide the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Rural District Karnataka
  • Repair Services
    About Us: BECOME A PART OF OUR FAMILY The PHIXMAN franchise industry..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater West Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities