Interactive live quiz startup Supernova raises $1.1 million funding from Lumikai, others
Supernova, a startup that offers interactive live quizzes on CBSE topics to kids, on October 13 said that it has raised $1.1 million in funding led by Lumikai, a gaming and interactive media-focused venture capital firm.
The financing round also saw participation from Kae Capital, All-in Capital, Goodwater Capital and angel investors such as Swiggy co-founders Nandan Reddy and Phani Kishan, PayU founder Nitin Gupta, former Gaana chief executive Prashan Aggarwal and Moonfrog Labs founder Tanay Tayal.
Started by Maharishi RB, Anirudh Coontoor and Nawin Krishna, Supernova’s live quizzes allow students to learn and practice math skills in daily 30-minute sessions. These skills are based on the CBSE curriculum for classes 1-8.
The sessions are split into three parts – an initial learning time where a facilitator teaches a math skill to kids over Zoom, following which kids can practice the concept on the Supernova platform and then participate in live quizzes.
“Our product is a fresh take on ed-tech that leverages the power of interactivity and systems of play. We are rethinking everything from pedagogies to price points to distribution channels. This funding round will help us go a long way with this much-needed disruption” said Maharishi RB.
“We believe that systems of play and gaming best practices have the potential to unlock massive disruption in ed tech. Supernova is taking a first principles approach to a massive opportunity with a new platform that re-imagines kids’ education by leveraging the power of experiential, game-based “learning by doing” said Justin Shriram Keeling, Founding General Partner, Lumikai Fund.
Maharishi said they are currently experimenting with different pricing models at present, including paying per live quiz session but will likely soon move to a subscription model.”It has become increasingly evident that the current traditional ed-tech models characterized by high customer acquisition costs, prohibitively expensive courses, and poor learning outcomes are unsustainable. From affordable pricing to product-led growth, we like how the Supernova team is going after entirely new models” said Sunitha Viswanathan, Partner, Kae Capital.
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