K-12 / Education / EdTech

21K School

Date

2021

Sectors

Education

Deal Type

Capital Raise

Deal Location

India

LoEstro advises 21K School on its US$5.0 Mn Pre Series A fundraise from Ronnie Screwvala

21K School is the first online-only school in India was founded in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar. It aims to create a 100% online school offering children aged 3 to 18 years a choice of three curriculums – Indian, American and British. 21K School’s K-12 education model disrupts the EdTech space as a category creator with personalised, affordable and flexible schooling for students regardless of their location or time zone

Process

LoEstro was the exclusive financial advisor to the team of 21K School

Outcome

LoEstro’s engagement with 21K School helped the company in raising its Pre Series A round of US$5Mn from Ronnie Screwvala, Co-Founder and Chairman, upGrad. The company planned to use the raised funds to outreach students in India and abroad, strengthen company’s learning platform for data-driven instruction across all curricula, and scale at 10x reaching 25K to 30K admissions