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A.I.-based Edutainment start-up, SP Robotic Works raises $3Mn in Series A funding led by Mount Judi India Growth Fund.
The funding round witnessed additional participation from BCCL and its existing investors Indian Angel Network and multiple renowned Angel Investors like Ajai Chowdhry(Founder, HCL), Raman Roy(Chairman and Managing Director – Quatrro), etc. The funds raised will be used to strengthen and amplify the company’s user base and expand the product portfolio.
SP Robotic Works, a D2C (Direct to Consumer) Company founded by Sneha Priya and Pranavan, raised their first seed investment in 2016 to create a revolutionary breakthrough in the Edtech sector with their A.I. Based learning platform called “SPARKY”.
SPARKY is the only Online intelligent platform that enables fun practical learning using hands-on experiments in personalized, seamless, and interactive pedagogy with 3D Animations to engage students like never before! The company uses its unique pedagogy of Learn, Build and Collaborate to engage its students in Robotics, Drone, and Coding technologies today, and plans to foray into Math & Science with this Series A Funding.
“The startup plans to utilize this funding for talent acquisition to expand its current team strength to over 150,” the statement added.
Commenting on the Investment, Sneha Priya, Co-Founder, and CEO at SP Robotic Works said, “SP Robotic Works believes in building a scalable and highly qualitative platform that can enable practical learning of concepts in a fun way. As a means to scale with quality, we developed SPARKY which today teaches all our customers in a personalized manner – the best teacher for every student.”
“The aim is to encourage children to develop a liking for the practical aspect of concepts that will enable a boost in their cognitive, problem solving, and logical thinking skills. The funding will help us to further take this ambition to new heights and diversify our product portfolio and strengthen our user base,” Priya added.
Talking about the investment, Mr. Vedamoorthy Namasivayam, General Partner, at Mount Judi India Growth Fund who is also an incoming board member to SPRW said, “The SP Robotic Works team has a deep understanding of the edtech landscape in India and has created a revolutionary learning platform with their AI-based teacher – “SPARKY” to provide a personalized gamified learning experience to each of its students. Its Maker Lab network across India perfectly complements its AI-based teaching platform – ‘SPARKY”, setting the base for strong penetration and growth. We appreciate the practical and hands-on learning pedagogical approach at affordable fees, which enable more children to enjoy during the learning process.”
“SP Robotics is all about bringing the problem-solving ability to students. After accomplishing that very well, this fundraise is to make them enjoy science and math as well as they did with ranger and codey. I’m very glad to support SPRW journey as Sneha Priya and Pranavan push the EdTech space into the next orbit” Says Nagaraja Prakasam, IAN lead investor, and incoming board member also the Founder Chairman of Native lead Foundation that co-invests in this round”, added Mr. Naga Prakasam, Lead Angel Investor, Indian Angel Network.
With the new investment of $3Mn in Series A funding, SP Robotic Works stands at a total of $4 investment throughout Seed, Pre-Series A, and Series A funding round with a marquee angel network on its cap table consisting of Indian Angel Network, The Chennai Angels, Native Angel Network & Malabar Angel Network.