Hotline: 1800 102 2007
Hotline: 1800 102 2007
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.

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

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Womens Wear
    About Us: We are an Online Based company, we have more..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Career Counselling & Brain Programming
    About Us:  Allegiance Educare is an ISO Certified Career Counselling Company started..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 50000 - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Others Health Care & Fitness
    About Us: SmartSewa, established in 2016, works in preventive/primary healthcare space,..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  •   Format Investment Brand Fee Space Staff Exp. Monthly Sales ..
    Locations looking for expansion Madhya pradesh
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 10000 - 50000
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bhopal Madhya pradesh
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities