Chrysalis raises pre-Series A Funding

Boutique investment bank Unitus Capital acted as an exclusive financial advisor to Chrysalis, while impact investment management firm CBA Capital supported Gray Matters Capital in this transaction. 

The amount raised will be used by Chrysalis to build on its research and development, and to strengthen its multichannel approach to take its Education for Human Potential movement to every child in the country. This will further intensify their efforts to bring change in the education system comprising of K-12 schools, which have 250 million children enrolled of which 100 million are in the private school segment.

Last year, Chrysalis had introduced ‘Buzzle Cards’ that help impart core concepts of Mathematics and English using Augmented Reality through the Buzzle AR Beta app. The app animates images on the cards making the learning experience immersive for the student.

Chrysalis’ flagship product is ThinkRoom, a child-centric academic programme based on Human Potential framework which has been developed in-house through 16 years of intense pedagogic research. Chrysalis’ ThinkRoom offers a comprehensive solution to schools, including learning material with child focused curriculum, teacher assistant tools, student assessments and tech-enabled teaching and home learning applications. 

In line with its goal of ‘Education for Human potential’ for every child, Thinkroom, which currently caters to over 250,000 students in 500+ schools spread across 11 Indian states, will be reaching out to Affordable Private Schools (APS). 

Gray Matters Capital had funded the development of this ‘Educational innovation’ through its edLABS initiative. The strong team at Chrysalis and their innovative product convinced it to look at Chrysalis for a follow-on Pre-Series A funding. 

Chitra Ravi, Founder and CEO, Chrysalis, (inset) said, “Our mission is to stand up for the child, by reforming the Indian education system in a way that every child realises his/her human potential.”