Edutech startup Lattu Kids has raised an undisclosed amount in series seed round funding from Mumbai Angels Network (MA). This follows Airtel picking up a strategic stake in Lattu Kids in June 2020, as a part of the Airtel Startup Accelerator program.
Lattu Kids in its issued statement said, “The company will use the new funding for the hiring of digital talents and to scale up its product portfolio to serve the fastest-growing market for quality education contents for kids.”
Speaking on the fundraise, Vivek Bhutyani, Co-founder and CEO, Lattu Kids said, “Today, early foundational learning is the most overlooked category in education across India. It however sets the foundation of how well the child will perform in primary and higher secondary. One of the main reasons why parents love the Lattu Kids app is because of our unique approach to learning.”
“Our fun led learning approach helps provide clarity of concepts leading to better learning retention amongst children. With Mumbai Angels investors partnering with us, Lattu Kids will invest in hiring talent around the product, curriculum, and technology. With Airtel Accelerator’s steadfast support, we are confident to succeed in this market,” Vivek said.
Commenting on the investment in Lattu Kids, Abhishek Mittal, Lead Investor, Mumbai Angels, said, “Widespread access to quality education at an early age will enable us to build a more inclusive progressive society over time. We believe that Vivek and his team at Lattu Kids have a solid background and deep domain expertise to connect the dots to deliver this efficiently in a fun learning format in the early learning education space.” “Their commendable digital distribution network such as the partnership with Airtel along with a presence on YouTube, Ola Prime Play, and the Xiaomi ecosystem, gives them access to rapid growth platforms which will help them scale,” Abhishek said.
“We are excited to welcome Lattu Kids to our portfolio. They have built a strong English language foundation of listening, speaking, reading, and comprehension skills with the help of fun learning animation videos for kids, which prepares the child for elementary schooling. Especially in the current COVID times, this app is all that parents need for their children,” Nandini Mansinghka, Co-promoter & CEO, Mumbai Angels Network, added.