CBA LEADS THE PRE-SERIES A ROUND OF FUNDING FOR SHIRSA LABS
New funds will be used to bolster their presence in India and scale up the business further
The edtech startup Shirsa Labs recently raised half a million dollars in the pre-series A round. The Mumbai based startup has raised the amount from multiple existing investors. The recent round of funding was led by Cross Border Angels (CBA), some of the angel investors who participated in the current round include ah! Ventures, Dewang Neralla, Mahesh Kothurdkar, Purple Patch Ventures & family offices from Dubai and Goa , Atul Agarwal (Founder of Mercator Lines, a listed company), and multiple investment bankers from India and US. The fresh funds will be used by the company to bolster its marketing in India and scale-up their business and presence in the industry and amongst the subscribers.
Shirsa Labs’ online engagement platform ‘Planet of Gui’ is the country’s first social platform that engages kids with multiple features and educating content. The online engagement platform for the kids between the ages of 6 years to 14 years has over 750,000 register users and witnesses more than two million visitors every month. Shirsa Labs is one of the very few edtech start-ups which competes at the global scale with the likes of Poptropica Islands (US & Canada), ABCmouse.com (US & Canada), POPJAM (UK), Epic (USA) and has ability to expand its presence globally along with India.
Speaking on the recent round of funding Mr. Mandar Desai, Co-Founder & CFO, Shirsa Labs said, “The capital is like a fuel to the startup. And this round coming at the right time definitely is taking us to the next level. At the moment we are growing very fast and this fund infusion will help us scale even better.”
“CBA has been very helpful in our journey so far. Their value addition comes from the hand holding they do right from funding, sales strategy to strategic connects they help you make in the overall process”, added Ms. Sukhada Tendulkar, Co-Founder & CEO, Shirsa Labs.
Commenting on the recent funds raised by Shirsa Labs Mr. Ashwin Sanzgiri, Global Head & Vice President, Cross Border Angels said “At CBA, any venture that can bring about a positive change in the community and society as a whole is considered to be an impact investment. Shirsa is one such company that we’ve always believed will not only pioneer the learning methodology in India but also go beyond very soon. The business is powered by a young team of highly aspirational and hungry entrepreneurs and backed by some very serious global edtech investors from CBA. Their traction and customer adoption has been fantastic. We firmly believe that when ability and hunger are backed by smart resources and rich experience, a winner can be molded and Shirsa is on such a path.”
‘Startup India Rocks!’ is one of the major startup conferences in India that bring startups, corporates, enablers, and investors together from around the globe to generate a result oriented engagement for all stakeholders. The event is conceptualized and organized by Cross Border Angels, a US based company with an objective of “Building the World’s Largest Start-Up Ecosystem”. In 2015 and 2016 the conference has witnessed over 600 global participants from more than 15. The content-driven engagement learning platform for kids, ‘Shirsa Labs’ was the 2016 winner of the Startup India Rocks!