INTERVAL, a leading online one-to-one learning platform for children in the K-12 sector, has successfully raised ₹2.25 Crore in a Pre-Seed funding round. The funding round was led by prominent angel investors from the United Arab Emirates (UAE), demonstrating growing international interest in the Indian Edtech space.
INTERVAL, founded by five young entrepreneurs Ramees Ali, Sanafir OK, Najim Illyas, Shibily Ameen and Aslah, offers personalised classes to children in the K-12 sector, encompassing over 1,000 academic and non-academic courses. Their unique one-to-one teaching methodology ensures that each student receives individual attention, enabling a customised learning experience tailored to their specific needs and aspirations. Starting in 2021, INTERVAL has expanded its customer base to over 30 countries, fostering a robust community of customers in India and GCC countries. Impressively, they achieved a remarkable revenue of ₹8.02 Cr in the previous fiscal year.
The funding infusion of ₹2.25 Crore will be instrumental in accelerating INTERVAL’s growth trajectory, allowing them to expand their reach and enhance their product offerings. The investment will primarily be utilised to strengthen their technology infrastructure, onboard more skilled teachers, and develop new educational content to further enrich the learning experience for students.
The Pre-Seed funding round saw participation from a select group of angel investors based in the UAE, known for their strategic investments in promising startups. Their confidence in INTERVAL’s vision and value proposition underscores the company’s potential to disrupt the edtech market and make a lasting impact in the education sector.
Commenting on the successful funding round, CEO of INTERVAL, Ramees Ali stated, “We are thrilled to have secured this Pre-Seed funding, which will fuel our mission of providing personalised and high-quality education to students across the K-12 segment. With the support of our investors, we are confident in our ability to transform the learning experience for children and empower them to achieve their full potential.”
The success of INTERVAL’s Pre-Seed funding round not only provides the necessary capital for their growth plans but also serves as a testament to the strong market potential and investor confidence in the Indian Edtech sector. As the company continues to scale and expand its operations, it aims to play a pivotal role in shaping the future of education in India.
