MA Network has participated in a USD 2.6 million funding round in ed-tech platform beGalileo, along with Navneet Tech Ventures and other investors
The ed-tech platform now plans to reach newer markets and deepen its presence in a few existing markets to take its paid user base to over 250,000 with the latest capital infusion
15th, November, 2021: Mumbai Angels Network, a premium platform for early-stage venture investments, has participated in a fundraising round for beGalileo, along with Navneet and other investors. beGalileo has raised USD 2.6 million and will utilize the freshly infused capital to increase its paid user base while continuing its differentiating spree adding technology & learning to its repertoire.
Speaking on the funding, Nandini Mansinghka, Co-Founder & CEO – Mumbai Angels Network, said, “Ed-tech is one of the sectors that has witnessed tremendous growth in recent years and India’s ed-tech sector is already one of the largest in the world. At such a juncture, it’s imperative to have platforms that use innovative solutions not just to impart knowledge but ensure that today’s youth are shaped into highly skilled professionals tomorrow. beGalileo is doing precisely that by enabling students to develop conceptual understanding, application, and above all, thinking and reasoning skills. We are confident that beGalileo has immense potential to grow and scale further to make an impact in the lives of more students in the country.”
Focused on providing a 360-degree coverage for building foundational cognitive capability & problem-solving skills using Math, Logic & Code as levers- thereby ensuring academic excellence as a certain byproduct. beGalileo endeavors to ensure students gain a deeper understanding of what it means to think mathematically and use math to navigate their everyday lives.
Vivek Shaurya, Co-founder, beGalileo summed up their plan “We bring a multi-channel, multidisciplinary approach at scale by leveraging cutting-edge technologies such as AI and IoT with top-notch, curated content. We are of the view that the contemporary learning needs of children are still under-served vis-à-vis evolving constraints & challenges in the new world, which also brings immense potential via digital tools & techniques. Our vision is around this space, where we see huge scope for cohesive & comprehensive offerings.”
“Early learning is as much about the outcome, as it’s about foundational, cognitive capability building and this needs a much more holistic, ecosystem approach to learning than just transposing traditional teaching into digital”. With Navneet’s backing us in our journey as we enter our growth phase, we look forward to accelerating our work and shaping students into future-ready professionals & leaders,” added Avneet Makkar, co-Founder of beGalileo.
Ketan Gala, President, Navneet Tech Ventures, commented on the development “While being the largest Listed entity with pan-India presence, we have been building stakes into new offerings & next-gen capabilities. beGalileo, the product offering, roadmap & the founding team’s vision has shown great results with very high CSAT & renewals and has greater scale potential not just in India but across many markets globally. Navneet’s reach, experience & capabilities in content, digital & traditional, with its established eco-system of ED players across the globe are expected to fuel beGalileo’s journey to a uniquely positioned global product .”
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