Zomato, Zerodha founders back Aakash Chaudhry’s edtech comeback Sparkl Edventure

Two months into his entrepreneurial comeback, Aakash Chaudhry, considered one of India’s most profitable schooling entrepreneurs, has secured backing from two of the nation’s most outstanding shopper tech billionaires-Zomato’s Deepinder Goyal and Zerodha‘s Nithin Kamath-for his new enterprise, Sparkl Edventure, stated folks within the know. Kamath’s Rainmatter, a fintech and sustainability-focused fund, together with Goyal, is collaborating in a $4 million seed spherical. The spherical is predicted to draw just a few extra marquee traders.

In October, Chaudhry joined forces with Pavan Chauhan and Ritesh Hemrajani, founders of Meritnation.com, an edtech firm acquired by his household enterprise Aakash Instructional Companies Ltd (AESL) in 2020, to launch Sparkl. This comes three years after the $950 million cash-and-stock sale of AESL to Byju’s in considered one of India’s largest edtech offers until date.

Regardless of the sale, Chaudhry retains an 11% stake in AESL. Sparkl goals to supply bespoke one-on-one online tutoring for college kids in grades 6 to 12, specializing in International Baccalaureate (IB) and Cambridge curricula. The platform gives personalised lessons throughout topics corresponding to arithmetic, science, languages, enterprise research and many others. With academics already on board, Sparkl has begun enrolling college students from main Indian cities corresponding to Delhi NCR, Bengaluru, Pune and Hyderabad, in addition to Singapore and plans to develop the platform leveraging its tech interventions.

“The preliminary plan was to launch within the new 12 months, however with the product being prepared forward of schedule, the timeline was superior,” stated a supply aware of the developments. “The seed spherical will additional speed up the rollout.”

Chaudhry declined to remark. Goyal and Kamath weren’t instantly accessible for remark.