Dealflow | July 26, 2017

Edtech startup PlayAblo aims at English skills for Indian youth

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Seed funding for the Bangalore-based edtech startup came from ABI-Showatech, an automotive manufacturer, that invested to bolster the skills of primary school students and prepare them for the workforce.

PlayAblo develops English-learning games for youth-skills classes and primary students in India’s second- and third-tier cities.

Nearly all children are enrolled in school in India, but the majority read below grade-level. Only about 30% can read in English, and less than 30% can do basic arithmetic, raising concerns that India will be unable to keep pace with economic development.

Funding for edtech startups in India grew to $250 million last year, but nearly half that amount came in the two rounds of financing by Chan Zuckerberg Initiative, Sequoia Capital, and others for Byju’s K-12 learning app.