Kae Capital invests in SaaS startup Learntron
Chennai-based Heuristix Digital Technologies Pvt Ltd, which runs and operates learning-technology venture Learntron, has raised an undisclosed amount of funding from venture capital firm Kae Capital.
The Chennai-based startup offers training programmes to tutoring and online learning ventures, K-12 schools and corporates on a software-as-a-service (SaaS) platform.
The development was reported by The Economic Times.
An email query sent to the company for further information did not elicit any response at the time of filing this report.
The firm operates on a business-to-business (B2B), partner-driven model and caters to markets in India, the Middle East and South East Asia. It follows an annual and monthly subscription-focused revenue model. The company was founded by Indian School of Business (ISB) alumni Kuljit Chadha and Subramanian Viswanathan in 2016.
The duo had earlier co-founded education technology startup Harness Handitouch Pvt Ltd, which they sold to a European education fund, the ET report stated. Harness Handitouch was funded by a group of angels from ah! Angels, a network of investors from ah! Ventures, and Luxembourg-based private equity firm Armat Group.
Chadha has previously worked with Sansui Software, Ernst & Young, Reliance MediaWorks and Cleartrip.com, while Viswanathan was with McKinsey & Company before starting Harness Handitouch.
Some of Learntron’s customers include companies like the Mahindra Group, Britannia, Scope International and Delhivery. It also serves educational institutions such as TalentEdge, DPS Doha, Birla High School, Kolkata and GD Goenka Schools.
It recently launched an online sports management course in association with Baseline Ventures.
“What we saw in Learntron was a productivity enhancement and engagement product with global appeal and a clear validation of product-market fit,” said Shubhankar Bhattacharya, venture partner at Kae Capital told ET.
Kae Capital, which raised its second fund in February last year, has invested in more than 25 startups from its first fund. Its portfolio includes firms such as online fashion portal Myntra, which was acquired by Flipkart in 2014; HealthKart, an online portal for dietary supplements and health devices; and US-based data analytics company Fractal Analytics.
Like this report? Sign up for our daily newsletter to get our top reports.
The information in this article is submitted and completely owned by KPMG. In our view the long term India gr