Edtech startup Avishkaar gets Rs 5 crore funding from Auxano, others

New Delhi: Edtech startup Avishkaar has raised Rs 5 crore in a pre-Series A funding round led by venture capital firm Auxano and Mumbai Angels. Angel investors Alok Mittal (CEO of Indifi Technologies) and Varun Aggarwal (co-founder of Aspiring Minds) also participated in the financing.

The funds would be earmarked for product development, expansion and hiring talent.

Avishkaar, which clocked five times growth in 2020-21, focuses on robotics, artificial intelligence, coding, and app development for children between ages 5 and 15 through its hardware and software products.


"Avishkaar's approach is one of a platform that comprises hardware kits, software solutions and Live online classes to ensure that children have the right tools, curriculum, coaching and environment to excel at these skills," said Arun Bhalla, co-founder and chief executive officer, Avishkaar.

The company, before the pandemic, was working with more than 1,500 schools and over 100,000 students. In 2017, it started setting up Atal Tinkering Labs envisioned by the NITI Aayog. The company has set up over 1,000 of such labs across the country.