Edtech Startup DebugsBunny Raised Rs 1.4 Cr. Angel Funding Led by India Angel Fund
Date: 04-12-2020 7:30PM
Source: DebugsBunny
Category: Business/ Finance, Financial Analyst & Investors, General, Consumer Interest, Internet, Start Up, Education & Training, Sme, Technology
Location: Pune, Maharashtra, India
Business Wire India
 | | From Left to Right - Nilesh Borole (CTO & Founder), Rahul Pawar (CMO & Founder), Ashish Bharude (Head of Dubai Operations), Sumit Singare (CEO & Founder) & Dnyaneshwar Mutkule (CFO & Founder) |
 | | Rahul Narvekar & Narendra Firodia |
DebugsBunny, the Edu-tech startup, that is making online coding classes accessible and affordable for students across age groups, today announced that it has completed a Rs 1.4 Cr. angel round of financing. India Angel Fund led the investment round with participation from some individual angel investors too. The investment will help the company aggressively expand its reach as well as broaden and accelerate in Tier 2-3 cities and build a roadmap for the new markets.
Commenting on this funding, Mr. Rahul Narvekar and Mr. Narendra Firodia, from India Angel Funds said, “DebugsBunny’s offering is well-timed with the rapidly increasing demand for online coding classes. And, I’m impressed how team is focused on Bharat and NOT just India and the way they are planning its market expansion where the major potential lies.”
“Information asymmetry has been the core problem with quality education in India. Students lack the resources and knowledge of the available resources in neo-middle class families. We are trying to solve this problem by trying to reach out to every last student through our platform. Offering quality education at a very affordable cost has been our core philosophy. With the same focus and momentum, we plan to increase our student base to 1 lakh in the next six months with a major focus on Tier-2 cities,” said Sumit Singare, CEO, DebugsBunny.
This Angel-funding builds on an exceptional year for DebugsBunny, which saw a rapidly growing community of students, schools, and affiliate partners. DebugsBunny courseware which is designed by alumni of IIT/IIMs has received very positive feedback from students and parents alike. In the last three months, since their inception, they have got more than 10k students and 26 schools on board.
Most of their students are from tier 2 and tier 3 towns of India. With a special focus on this market, they are strengthening their foothold with their aggressive plans. The full equipped digital labs which they have set up in these places have helped them garner a good response.
“As an industry, we’re just scratching the surface. 65% of the Indian population live outside Tier 1 cities and 90% of Indian HHs don’t have a personal computer. With our inclusive approach, we are not just spreading awareness about the importance of coding as a part of early education, but we are also bridging the infrastructure gap. At present we are operating in 11 states and in next six months, we plan to operate in 26 states,” said Nilesh Borole, CTO & Co-founder, DebugsBunny.
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