Edtech startup 88academics raises $3-M from Aarin Capital, others

New Delhi-based edtech firm 88academics has raised equity financing of about USD 3 million in a pre-Series A round led by Aarin Capital Partners. Angel investors including Piyush Gupta (CEO, DBS Group), Vinod Gupta (MD, VG Learning Destination and Rashtriya Gaurav Awardee), P S Jayakumar (ex-MD & CEO, Bank of Baroda), Ramesh Swaminathan (Group CFO, Lupin), Ajay Abrol (ex-Head Proprietary Trading, Nomura Singapore), Prem Rajani (Managing Partner, Rajani Associates), Akshay Gupta and N Jayakumar (Management Team, Prime Securities) also participated in the round. Prime Securities Ltd was the exclusive investment banker to this transaction. 88academics (India), an 88tuition (Singapore) group company, will use the funds to develop India specific content for the K-12 segment.