Kreedo Early Childhood Solutions, a Bengaluru-based company focused on transforming early learning in schools, has raised $4 million in a Series A funding round. The investment was led by Singapore-based Heritas Capital and saw participation from existing investors, including UBS Optimus Foundation, Gray Matters Capital, 1Crowd, The Chennai Angels, and The Joka Angel Network.
The newly secured funds will be used to enhance Kreedo’s product offerings and expand its presence across new regions in India, according to a press release.
Founded in 2012 by Mridula Shridhar and VK Manikandan, both alumni of IIM-C, Kreedo aims to improve the quality of education in affordable private schools and preschools during the crucial early years.
Co-Founder Mridula Shridhar commented on the fundraising, stating, “With this round of funding, we plan to extend Kreedo’s reach across more regions in India. We also intend to broaden our product offerings to cover Grades 3-5 and enhance our digital home learning platform, Practico. Additionally, we will scale our specialized pre-primary teacher training franchise program, which will create a pool of qualified, job-ready teachers for Kreedo partner schools and the broader early education market. These initiatives are part of our mission to democratize and transform early education in India.”
Kreedo has reported significant growth over the past two years, doubling its revenue and expanding its reach from 700 to 1,700 schools and preschools. The number of children benefiting from its programs has also grown, increasing from 55,000 to over 140,000.
Chik Wai Chiew, CEO and Executive Director of Heritas Capital, expressed satisfaction with the investment, stating, “We are delighted to make our first investment in India through Heritas’ Asia Impact First Fund (AIFF) into Kreedo, given its strong alignment with our goal of supporting social enterprises that address critical societal needs. With this new funding, we look forward to collaborating with other like-minded impact investors to empower affordable private schools and train teachers in activity-based learning and effective classroom management, ultimately enhancing learning outcomes.”