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Tekie, an edtech startup based in Bengaluru, has raised $1.5 million in a seed round. Tekie intends to use the funds to expand its activities to satisfy that demand and build a large team. On their website, they appear to have over 12,000 students studying. They recently launched their B2B service, in which they work with schools to incorporate coding into their curriculum. GSV Ventures and Multiply Ventures co-led the funding round.
Tekie, a Bengaluru-based edtech startup, has raised $1.5 million in seed round co-led by Silicon Valley-based GSV Ventures and Multiply Ventures— an early-to-growth stage fund founded by former Myntra, Paytm, Flipkart, and Alibaba executives. Better Capital also took part in the round.
Tekie plans to use the funds to scale its operations to meet rising demand and develop a solid team to propel it to the next stage of growth.
As a first-generation learner, I have seen the transformational impact of education first hand. When we started four years back, our goal was to build a product focusing on three pillars: put learning outcomes at the forefront, make learning an enjoyable experience, and provide the best teachers to learners.Anand Verma, Co-founder of Tekie and an IIT graduate
Tekie, founded by Naman Mukund and Anand Verma in 2017, is a live computing app that combines the art of storytelling with coding to create a movie-like learning environment. The edtech startup has developed the world’s first animated coding series to teach kids text-based coding.
Having grown up in a digital-first world, the learning habits of students have evolved, and the education system needs to keep up with the changing trends. Coding is not only an essential skill for the future but an effective way to build problem-solving and logical thinking among kids.Mukund, Co-founder , an SRCC graduate
He added that coding education is still in its infancy in our country, with most students learning only block-based coding. Tekie wants students to learn to write actual code rather than just be exposed to definitions. With this in mind, the startup created a course that teaches text-based coding.
Mujtaba Wani from GSV Ventures said, “We were impressed by the founding team’s “product first” approach to delivering online coding lessons that have resulted in high customer loyalty and learning impact. Tekie’s best-in-class NPS of 85 affirms that students realize value from the unique platform. GSV is honored to be backing Anand and Naman on their founding journey.”
Tekie’s unique value proposition and student-centric approach to teaching live coding via a storytelling format is visible in the learning outcome and fits perfectly well into our investment Thesis for EdTech. Their high NPS scores and retention numbers are a reflection of product-market fit. We are thrilled to partner with Anand and Naman to take this offering to as many school-going students as possible.Raveen Sastry, Founder of Multiply Ventures and ex-Co-founder of Myntra
Tekie claims to have over 12,000 students studying on its website. They recently unveiled their B2B service, in which they collaborate with schools to integrate coding into their curriculum.