Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 17 2019

With latest $1 mn seed funding, parent-tech startup Parentof plans to expand its partner network

Currently, the Bengaluru-based company is serving over 500 partners which include schools, vocational institutions, and e-Learning platforms, with an aim to increase partner base to more than 1000 in the next 12 months.

With latest $1 mn seed funding, parent-tech startup Parentof plans to expand its partner network

Parentof, a parent-tech startup, has secured $1 million in a seed funding round led by V Srinivas and other existing investors. With this, the total funding raised by the Bengaluru-based company stands at $2 million.

The fresh capital will be used by the startup to further evolve its technology and expand its partner network.

Swaroop Madhavan, Founder and CEO, Parentof, said “With the new funding in place, we are piloting a system, which can help parents discover and engage with experts and services (pediatricians, psychologists, hobby classes, sports coaching, etc.) based on the unique growth needs of their child. This, paired with our recent acquisition of Pupilpod - an education management platform from Value Point Group, will help in enhancing the ARC engine’s capabilities and make AI personalised for every child.” 

Parentof was founded by Swaroop Madhavan, Dr. Manohar Chikkanna, and Dhananjay Prabhu in August 2015. It is a decision sciences organization that offers insights into child growth and decision analytics.

The startup uses artificial intelligence for its ARC Engine (analysis, recommendation, and curation) platform, which has impacted over 2 Lakh children and is supported by more than 500 schools.

Parentof is targeting to help a million parents across India by 2020. Currently, the company claims to have a revenue of $500K, and aims to reach $1.5 million in revenue in 2020.

The company is serving over 500 partners which include schools, vocational institutions, and e-Learning platforms. It aims to increase partner base to more than 1000 in the next 12 months.

“We are working towards increasing our partner base to over 1,000 in the next 12 months. Interestingly, we have been able to run successful O2O models building a great experience for partners and parents alike. Especially considering how parenting decision is being fuelled extensively by online reviews and expert opinions, we are one of the few startups focused on creating a new system to sustain healthy parenting e-habits,” Swaroop added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Electronics And Electrical Components
    Champion is a leading brand in manufacturing of branded wire..
    Locations looking for expansion Delhi
    Establishment year 1969
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 300 sqft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi
  • Preschools
    About Us: Trio Tots is an emerging chain of preschools nurturing..
    Locations looking for expansion Karnataka
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 2400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Car Wash / Ceramic Coating / Detailing
    About Us: Sometimes nature is soft some time hard, but what..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Chatkaraa By Have A Dream Food, which aims at..
    Locations looking for expansion Madhya pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore 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