Global foundation learning specialist, Square Panda has announced to invest $50 million in India over the next three years.
“The company has already rolled out its early learning initiative ‘Aarambh’ in Maharashtra, Chhattisgarh, and Uttar Pradesh and plans to develop the ECCE ecosystem in every state of India,” Square Panda in its statement said.
“The investment will be deployed to strengthen its capabilities to meet the diverse demands of Indian children and teachers across the country,” the statement added.
Speaking on the development, Andre Agassi, Chairman, and Founder, The Andre Agassi Foundation for Education, Chairman of Board, Square Panda said, “Square Panda has a massive role to play in a developing country like India, a country that is mindful about the cost-benefit analysis of providing foundational literacy and numeracy to every child, across India’s grassroots. The challenge is a welcome one and the numbers are vast, which is exciting for an EdTech company like ours, that delivers learning solutions backed by neuroscience research.”
Talking about the investment, Ashish Jhalani, Global CMO and MD, Square Panda India, said, “We aspire to build the first dual-language system tailored to India’s unique requirements. The NEP reminds us that we cannot forget vernacular languages. As an Edtech company, we can confidently say that to ensure grassroots development, we need to embrace greater contextualization, localization, and building conversational skills that suit our existing education ecosystem alongside embracing innovative technologies, such as AI and AR.”