Online music education focused Artium Academy raises Rs.19.2 Cr Series A

Mumbai-based Online music learning platform Artium Academy has raised INR 19.2 crore (approximately USD 2.13 million) in a Series A round. Jejurikar Longevity Trust led the round, with participation from Savitha Ramesh and existing investor Chiratae Ventures. The company's board approved the issuance of 60,450 Series A compulsorily convertible preference shares (CCPS) at an issue price of INR 3,176 each. Jejurikar Longevity Trust invested INR 9 crore, Savitha Ramesh INR 7 crore and Chiratae Ventures INR 3.20 crore.Founded in 2020 by Ashish Joshi, Vivek Raicha, and Nithya Sudhir, Artium Academy is an online music learning platform offering 1:1 live classes across vocal and instrumental categories, utilizing technology for structured music education. The proceeds from this issue will be used for business expansion, growth initiatives, and general corporate purposes.