Chennai: Chennai-based, Karadi Path, an Indian education services company, has managed to raise $2.3 million in a ‘SeriesA ‘round of equity capital from Pearson Affordable Learning Fund (PALF) and the existing investor Aavishkaar India II Company Ltd (AICL).
Karadi Path which addresses the need to improve English-language learning across India, has achieved this ‘A’ round of funding to help accelerate English language learning in India India’s Annual State of Education Report (AS ER), which measures educational progress across the country, has highlighted the dire state of English learning and states that less than half of grade-five children in India can read a grade-two text in English.
One of the key ways the company will use this investment is in product development and organisation building to extend the reach of Karadi Path. The organisation is also looking to incorporate technology platforms into their delivery to enable digital delivery of content and exercises and greater real-time data capture of student learning. The company has also rolled out solutions for adults based on its pedagogy.
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