Online-only institution 21K School raises $5-M from Ronnie Screwvala

Bengaluru-based 21K School, an online-only educational institution, has raised USD 5 million in a pre-Series A round from Ronnie Screwvala, co-founder and Chairman, edtech firm upGrad. It will use the funds to augment its outreach to students in India and abroad, and strengthen its learning platform for data-driven instruction. The fundraise was facilitated by Loestro Advisors. Founded in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar, 21K School aims to create a 100% online school offering children aged 3 to 18 years a choice of three curriculums – Indian, American and British. It is aiming for over 25,000 to 30,000 admissions in the next academic year.