In its latest round of funding, India-based ed-tech startup SP Robotic Works raised $3 million which the company is hoping to invest in expanding its user base and boost product portfolio. The funding was led by Mount Judi India Growth Fund with existing investors such as Indian Angel Network, HCL founder Ajai Chowdhary and Quatrro chief managing director Raman Roy. BCCL is also an investor in the startup.
SP Robotic Works was founded in 2012 and provides courses in robotics, coding, drones, virtual reality, AI, and Android app building. These courses are kit-based and the online classes are managed by Sparky, which is a personalized AI-powered teacher developed by the company. The company is based in Chennai and has operations in Singapore, Thailand, and 12 other countries.
SP Robotic Works targets the students of the k-12 segment and the classes are designed according to that. According to a RedSeer report, “India’s online education market for the k-12 segment,…, is likely to grow over 6x from US$269 million in 2019 to US$1.7 billion by 2022” as reported by Tech in Asia.
