Wednesday, 18 December 2019

WitBlox raises funding of INR 1.3 crores from Mumbai Angels Network

View this email in your browser


WitBlox raises funding of INR 1.3 crores from
Mumbai Angels Network
December 18, 2019:
WitBloxan edu-tech startup, has raised a funding of INR 1.3 crores from Mumbai Angels Network.  Witblox was founded in 2014, headquartered in Mumbai by Amit Modi.
WitBlox is creating an ecosystem of gamified robotics learning for children aged (8-16 years) through plug and play hardware toolkits across science, technology, engineering and maths (STEM). The company was earlier incubated with Neotech, an incubator and accelerator from Ambuja Neotia.
24 investors from the Mumbai Angels Network have participated in this round.
Amit Modi, Founder and CEO of Witblox, said, "MA not only helped me raise funds seamlessly, it connected me to its vast network of Investors across cities in India. With these funds, we plan to bring about significant changes in our strategy."
Mumbai Angels Investor, Aditya Sanghi said, “I’m happy to be associated with the next phase of growth of Witblox. While helping children learn by building is rewarding in itself, I think this is a great team with potential to build a big business. To make it big, business needs a motivated passionate team propelled by a purpose catering a growth market. I think Witblox has the right ingredients and it is time to execute heads down.”
Mumbai Angels Investor, Vivek Lodha said, “A lot of people I meet want kids to be learning fast without using iPad and other gadgets. This is a perfect way to make your kids grow smart with  real experiential learning and I’m glad to back WitBlox to achieve this.”
Nandini MansinghkaCo-promoter and CEO Mumbai Angels Network, commented, “We are happy to welcome witblox in our expanding diversified portfolio. We see increasing activity in edutech space and are hoping that Witblox becomes a star in our edutech portfolio”
 
About Mumbai Angels Network:

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 400+ members strong, across 8 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune and Jaipur). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.
 
About WitBlox:
We Techshiksha is a private limited company based out of Mumbai, India. WitBlox is an edu-tech startup creating an ecosystem of gamified robotics learning for children aged (8-16 years) through plug and play hardware toolkit across science, technology, engineering and maths (STEM).

No comments:

Post a comment