SOAL, School of Accelerated Learning (1), has raised approximately 1 million USD from its Series A-1 funding round. The startup is about a skill-tank that nurtures students to become groundbreaking and tech-empowered creators and future leaders. The latest funding round was led by the investment arms of Munjal Auto Industries Ltd., SARA Investments.
The Mumbai-based edtech startup SOAL raised 1 million USD funding from the investment arm of Munjal Auto Promoters. It will use the latest capital to skill over 3,000 learners across the country. The startup will also increase its digital footprint in India and other developing countries.
Anju Munjal, SARA Investment, stated that India has a massive potential to capitalize due to its colossal population. However, due to India’s flawed education system, many students cannot tap into talent prospects. India is still lagging behind the world standards of education and innovation. As per today’s era, turning digital is the only way forward. The youth of India needs to develop their skills in this direction.
He added that SOAL founders had taken a brilliant lead to transform the nation’s youth to become an aspiring digital products’ creators.
SOAL to Offer New Programs and Courses
The edtech startup, founded in 2017, claims that it has grown eight times regarding its students’ size. In the last six month, SOAL has launched a new course in product design and a new campus in Mumbai,
The SOAL school has taught over 400 students so far. The students are now at global firms such as ClearTax, Dunzo, FactSet, ShopClues, etc.
Pratik Agarwal, Raj Desai, and Varsha Bhambhani Kanwal started the ad-tech startup SOAL. The trio will utilize the latest tranche to augment DELTA, its proprietary technology platform. It is personalized learning assistance, enabled by Artificial Intelligence. Notably, SOAL is also working on to offer other courses in product management, android development, AI, blockchain, and more.