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.
