Edtech startup SpEd@home on Friday said it has raised $300,000 as part of its initial funding round led by financial experts and advisors, from a venture capital company based in Singapore and other High Net worth Individuals.
It is an edtech solution that augments learning for children with differential needs like Learning Disability, ADHD and Autism. The idea for SpEd@home was conceived in the year 2020 during the pandemic. It merges technology with a systematic approach to provide a better e-earning experience at home for differently-abled children and to equip parents in metros as well as Tier 2 and Tier 3 with skills to aid their children. After observing how limited access to remedial centres during the lockdown has hampered the learning outcomes of children with differential needs, Dr. Dhaval Mody incepted the company in 2020, during the pandemic.
“We are currently running our pilot with children from the lower socio economic strata i.e. those with a family income of less than 8 lakh annually. The results of our ongoing pilots have been very promising and are helping us take our conviction to the second round,” said Mody, Founder & CEO of SpEd@home.
The startup used the raised funds to build a basic web-based product to test out the hypothesis that children with differential needs can benefit from a customized online program. It will further use the funds to complete the pilot phase, develop a mobile app, improve their web solutions, and build a product team, sales team and an SME team.