Dealflow | June 26, 2018

Chrysalis raises funding to expand reach to underserved Indian students

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 26 – Low-cost private school serve tens of millions of Indian students, but have mixed performance records. Chennai-based Chrysalis partners with these schools to support them with teaching and learning assessment tools.

The 17-year old company has developed its own curriculum, called ThinkRoom, as well as app-based English and mathematics teaching tools. The company reportedly has more than 500 school partners in 11 states. “Affordable private schools constitute a large chunk of our school system, and we intend to reach out to every school in this segment,” says Chrysalis founder Chitra Ravi.

  • R&D funding… Impact investors Menterra Venture Advisors and the Artha Initiative committed an undisclosed amount of capital to help Chrysalis with new research and development. Gray Matters Capital backed the venture with funding earlier this year.
  • India education investing… In April, Varthana raised $55 million to help affordable private schools finance facilities and other resources. Others like the Gray Matters Capital have been supporting edtech startup acceleration while CBA Capital, the Dell Foundation and Villgro have been investing heavily in India’s edtech startup scene.