Bengaluru based EdTech startup Parentof raises $ 1 million in funding
Bengaluru based EdTech startup “Parentof” has raised $1 million in a seed funding round. The funding round was led by angel investor V Srinivas. Parentof is an EdTech company that provides insights to child growth and decision analytics. The company was founded in 2015 by Swaroop Madhavan, Dr. Manohar Chikkanna and Dhananjay Prabhu. “With the new funding in place, we are piloting a system, which can help parents discover and engage with experts and services based on the unique growth needs of their child,” said, Madhavan, Founder, Parentof. The company has worked with NIMHANS i.e. National Institute of Mental Health and Neurosciences and now, the company is using ARC (analysis, recommendation and curation) engine, that uses AI, machine learning, and child specialist’s knowledge to recognize and enhance child’s developmental journey. This funding makes the total raised fund of the company $2 million and it would use these funds to enhance their platform and spread their impact in many cities across India.