Bulbul Inc, Hyderabad- and US-based firm developing learning apps for pre-school kids, has raised Rs 3.5 crore in a fresh round of funding.
The round has seen participation from Xseed Partners, Hyderabad-based early-stage investment firm; Anblick Solutions Pvt Ltd, a digital consulting firm; sector-agnostic angel fund Operator VC and Infoblob.
The fresh capital will be used by the company to expand the outreach for pre-schools’ digital interactive learning solutions and launch a new My Preschool App.
Prakash Dantuluri, Founder and CEO, Bulbulapps.com, said, "It is an exciting phase of growth as we discover new segments to grow our business. We have signed half a dozen franchisors and have a strong pipeline of clients with Kangaroo kids as the biggest customer. Our target is to go live in 300 plus schools this academic year with close to 50,000 parent subscriptions. We are also working with a leading vernacular organization in the US."
Ajay Jain, Principal Co-Founder of Xseed Partners, stated, "Early childhood education is crucial, and it is nice that both parents and Governments are waking up to it. This creates a huge untapped market potential. Bulbul is in a unique position to serve this market given its strength to create easy to absorb stories for the child. Bulbul has demonstrated how both parents & kids love its narratives and other cool features such as parent-teacher engagement. I am positive that Bulbul is poised to become the leading apps in the early learning space in India and in other countries."