HYDERABAD START-UP MUZIGAL RAISED INVESTMENT FROM KALAARI CAPITAL2 weeks ago Rituka M
Muzigal is a revolutionary application that aims to bridge the gap between kids’ well-rounded development and capitalization of the teachers’ resources, who were deprived due to the pandemic.
Muzigal app works towards providing a platform where both these needs are met most sustainably and conveniently. By making the experience seamless, they have opened up an avenue for students to grow in manners that were only possible in a physical environment. Allowing the students to access this information online, the app has made it effortless to learn music and musical instruments digitally. The founder of Muzigal, Mr. Lakshminarayana Yeluri is a first-generation entrepreneur who has made a name successfully in the market by creating a product that enables the consumer to sharpen their skills, or learn a new one most efficiently.
Kalaari Capital, a venture capital firm, has a portfolio like none other. They have invested in startups such as Vogo, Curefit, Milkbasket, Oxfordcaps, Zivame, Ovenfresh, and YourStory, to name a few, and have established goodwill in the market. With investment from them in Muzigal, it has opened up doors for the start-up to grow globally and in an economically sustainable manner. Using the situation of the pandemic, Muzigal worked towards establishing its niche in the ed-tech space by venturing into the untapped market of non-scholastic activities, leading to inevitable success.
Read Kalaari Capitals Article about Their investment in Muzigal: Why we invested in Muzigal.
The window created due to corona was optimally utilized by the Hyderabad-based startup. Muzigal, following the footprints of White Hat Jr. to provide a platform for the kids’ well rounded development.
Whitehat Jr was acquired by Byjus for $300M in August 2020, strengthening the hold of Byjus in the educational sphere.
Since the pandemic, Online teaching has gone from “good-to-have” to a necessity, and online kids’ well-rounded development options have moved from “also-have” to “must-have”. This has opened up the doors for several such activities to become digitally available. This allows startups to focus on providing a seamless experience, while imparting necessary skills which help the kids’ to succeed in academics as well as in life, generally.
With WhiteHat Jr’s acquisition and Muzigal raising funds, online Kids extracurricular space is heating up. Let’s wait and watch how this space will attract more innovation in the near future.
Explore Muzigal Here: https://www.muzigal.com/