26 February 2018, India:
Ed-tech startup Avishkaar Box has raised ₹5 crore ($772,500) in pre-Series A funding round from Auxano Deals.
The startup will use the fresh capital to strengthen its presence across India, hiring talent and for a rapid expansion in Asia.
Tarun Bhalla, Founder and CEO, Avishkaar Box said, “We are experiencing exponential growth, and we need to hire energetic and focused people who can drive it. Along with this, our product team is all set to launch a fabulous product range with more focus on the entry level of this market.”
Bhalla added, “The company is also looking to strengthen its channel partner network especially in Karnataka, West Bengal, Odisha and other parts of east and south India. We are confident that we will double company’s turnover to USD 3 million within two years from USD 1.5 million in the current year.”
Avishkaar Box was founded by Tarun Bhalla in 2013. The company creates interesting and engaging educational experiences through Robotics that spark imagination and fosters innovation. It is run by Building Blocks Learning Solutions Pvt Ltd.
Avishkaar Box claims to has a presence in more than 400 schools pan-India in addition to 125 Tinkering Labs set up across the country.
(Image – Avishkaar Box)