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Matrix Partners backs edtech startup Toddle
- Educational technology startup Toddle has raised its first institutional funding round, led by Matrix Partners India.
- Better Capital and angel investors such as Swiggy co-founder Rahul Jaimini also participated in the capital raising, Deepanshu Arora, cofounder of Toddle told ET, without disclosing the funding amount.
By: Sanghamitra Kar
Educational technology startup Toddle has raised its first institutional funding round, led by Matrix Partners India.Better Capital and angel investors such as Swiggy co-founder Rahul Jaimini also participated in the capital raising, Deepanshu Arora, cofounder of Toddle told ET, without disclosing the funding amount.
Bengaluru-based Toddle, which helps teachers streamline curriculum planning, documentation, parent communication and analytics, was founded last year by Arora and Parita Parekh.
Arora and Parekh earlier ran a network of pre-schools in Ahmedabad, Mumbai and Hyderabad. Toddle says it has more than 10,000 teachers on its platform.
“Today’s teachers are very tech-savvy and use technology for a variety of needs. The struggle is that they have to juggle between multiple tools to solve for these needs. Our goal is to simplify the entire teaching and learning cycle with one seamless and intuitive solution,†Arora said.
The company plans to use the money to cater to more educational segments.
“Having been educators themselves, the Toddle team has built a product that is revolutionizing the way teachers plan, interact and collaborate with other teachers, students and parents,†said Rajat Agarwal, Director, Matrix India.
The Indian ed-tech market is expected to reach $2 billion by 2021, according to a report by KPMG and Google.
Source: https://tech.economictimes.indiatimes.com/news/startups/matrix-partners-backs-edtech-startup-toddle/73257867
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