Aakash Institute founder Aakash Chaudhry has reportedly secured backing from prominent consumer tech billionaires, including Zomato\u2019s Deepinder Goyal and Zerodha\u2019s Nithin Kamath, for his new venture, Sparkl Edventure. According to an Economic Times report citing unnamed sources, Kamath\u2019s Rainmatter fund\u2014known for its focus on fintech and sustainability\u2014along with Goyal, is participating in a $4 million seed funding round. Additional marquee investors are also expected to join the round.
\nChaudhry launched Sparkl in October this year in partnership with Meritnation.com founders Pavan Chauhan and Ritesh Hemrajani. Meritnation, an edtech platform acquired by Chaudhry\u2019s family business, Aakash Educational Services Ltd (AESL), in 2020, was a pivotal part of this collaboration. This venture follows the landmark $950 million sale of AESL to Byju\u2019s in 2021, one of India\u2019s largest edtech deals. Chaudhry continues to hold an 11% stake in AESL.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aakash Institute founder Aakash Chaudhry has reportedly secured backing from prominent consumer tech billionaires, including Zomato\u2019s Deepinder Goyal and Zerodha\u2019s Nithin Kamath, for his new venture, Sparkl Edventure. According to an Economic Times report citing unnamed sources, Kamath\u2019s Rainmatter fund\u2014known for its focus on fintech and sustainability\u2014along with Goyal, is participating in a $4 million seed funding round. Additional marquee investors are also expected to join the round. Chaudhry launched Sparkl in October this year in partnership with Meritnation.com founders Pavan Chauhan and Ritesh Hemrajani. Meritnation, an edtech platform acquired by Chaudhry\u2019s family business, Aakash Educational Services Ltd (AESL), in […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-890782","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=890782"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890782\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=890782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=890782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=890782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}