Edtech startup Witblox raises funds to grow its business
Witblox has secured Rs 1.3 crores in funding from the Mumbai Angels Network. The round has also seen participation from 24 other investors from the Mumbai Angels Network.
The fresh capital will be utilized by the Mumbai-based company to support the growth of its business.
Amit Modi, Founder & CEO, Witblox, said, “MA not only helped me raise funds seamlessly, but it also connected me to its vast network of investors across cities in India. With these funds, we plan to bring about significant changes in our strategy.”
The edtech startup was founded by Amit Modi in 2014. It offers gamified robotics-based teaching for children in the age group of 8-16 through plug-and-play hardware toolkits in the science, technology, engineering, mathematics (STEM) fields.
Previously, Witblox was incubated at Neotech, an incubator and accelerator from Ambuja Neotia.
Aditya Sanghi from Mumbai Angels Investor stated, “I’m happy to be associated with the next phase of growth of Witblox. While helping children learn by building is rewarding in itself, I think this is a great team with the potential to build a big business. To make it big, a business needs a motivated, passionate team propelled by a purpose catering to a growth market. I think Witblox has the right ingredients and it is time to execute heads down.”