Bengaluru, India-based CountingWell, a mathematics-focused edtech startup, last month, raised $1 million in its pre-Series A round in which UAE-based Delhi Private School (DPS) and education management company Interstar participated. Some angel investors also participated in the round, according to the company.
Founded in 2018 by Nirmal Shah, Ravi Jitani, Anita Sharma, and Dr. Dharam Parkash, CountingWell aims to transform mathematics learning across India through its ‘daily workout’ concept. The startup targets students between sixth and eighth grades and offers digitized learning through its mobile app. The curriculums are aligned with Central Board of Secondary Education (CBSE) and National Council of Educational Research and Training (NCERT).
The company in a press statement shared that the fresh capital will be deployed towards the deeper expansion of CountingWell across the country, whilst augmenting its technological infrastructure.
Speaking of the development for CountingWell, Pravin Batavia, Director of Delhi Private School, in a statement said,
“Countingwell has picked the right audience in middle school students, which is not only a highly underserved segment when it comes to learning, but also spans the most important years to build a foundation for future career,”
CountingWell currently operates on a subscription-based model for Indian students and will be launched in other countries soon, the company said in a statement.
This is yet another startup funding update that represents the India-UAE relationship. For us, as a journal focusing on the startup ecosystems of India and the MENA (Middle East & North Africa) region, this is noteworthy news. On similar lines, we at LAFFAZ have launched an accelerator program called INDO-MENA Corridor that aims to formulate a dialogue between tech startups, investors, and enablers of India and the MENA region. If you are a tech startup based in India, UAE, Bahrain, Jordan, Egypt, Saudi Arabia, Lebanon or any other MENA region, head over to INDO-MENA Corridor and apply as a startup. Besides funding support and advisory, you’ll also get free and discounted access to various startup tools and amenities.