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Following a $5 million Series A funding round, the startup is set to open MENA headquarters in Abu Dhabi.
Riding the wave of a recent $5 million Series A investment, Indian edtech startup, Kyt, has signalled sweeping expansion plans in MENA, starting in UAE.
Co-founded by former head of UberEats India, Bhavish Rathod, and his wife, Tripti Ahuja, Kyt intends to to expand its operations to Abu Dhabi, where it will establish its regional headquarters as it plots to bring its extra-curricular courses for children between the ages of 5 and 15 to the MENA region. In addition, Rathod and Ahuja intend to build what is being touted as a world-class team of data scientists, product managers and engineers.
Founded in June 2020, Kyt aims to bridge the concepts of education and hobbies, fusing them to produce courses intended to foster talent, ranging between music and creative writing, to public speaking and even chess.
These lofty plans have all been made possible by an investment led by Alpha Wave Incubation, a venture fund managed by Falcon Edge Capital - a US firm that has offices in Abu Dhabi. Sequoia Capital India's Surge, Singapore's January Capital and US-based Titan Capital also participated in the funding round, alongside other angel investors.
“Extracurricular learning is a critical aspect of a well-rounded education,” said Falcon Edge Capital’s Utsav Mitra. “Kyt has made it possible for students from every corner of the world to access quality learning from best-in-class teachers and practitioners in each field. We are excited to back Bhavik and Tripti in their mission to build a world-class online-first, global academy for extracurricular learning.”
Learn more about Kyt here.
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