Codingal Education Pvt. Ltd, which runs an eponymous online coding platform for school children, said it has raised $560,000 (Rs 4.13 crore) in its seed round of funding.
The funding round was led by venture capital firm Rebright Partners, early-stage investment syndicate Java Capital and tech-startup accelerator GSF Accelerator, Codingal said in a statement.
The company will use the funds to introduce courses, competitions and hackathons in the K-12 segment with an aim to build a coding community of one million school kids.
Codingal was founded earlier this year by Vivek Prakash and Satyam Baranwal, who've both had entrepreneurial stints before.
Prakash, an IIT-Roorkee graduate, had previously founded HackerEarth, an AI-powered developer assessment software provider. Baranwal, an IIT Dhanbad graduate, had launched Skillovate Learning, which sought to skill school students through a coding, robotics and AI curriculum.
Prakash, who is also the CEO of Codingal, said that teaching coding to kids has become a necessity as technology keeps evolving at a rapid pace.
Coding and ed-tech
Startups in the educational-technology segment, especially coding, have been attracting attention from investors.
In August, ed-tech giant Byju’s acquired coding-focussed WhiteHat Jr for $300 million in a deal that offered blockbuster exits to investors.
In the same month, VCCircle reported that venture capital firm Sequoia Capital invested in a Pune-based ed-tech startup focused on teaching coding to school students.
In February, consumer internet company Info Edge (India) Ltd invested Rs $5.2 million in Sunrise Mentors Pvt. Ltd, a Delhi-based company that operates online learning platform CodingNinjas.