Kerala edtech startup, INTERVAL, has successfully raised Rs 22.50 million ($274,422) in a pre-seed fundraising round led by prominent angel investors from the UAE. The funding will fuel the startup’s growth and expansion plans, allowing it to enhance its product offerings and reach a wider audience.
INTERVAL, founded in 2021 by Ramees Ali, Sanafir O K, Najim Illyas, Shibily Ameen, and Aslah Thadathil, offers a one-to-one online learning platform for children in the K-12 sector. The startup provides personalized classes and boasts a wide range of over 1,000 academic and non-academic courses.
The support and investment from UAE-based angel investors reaffirm INTERVAL’s vision and value proposition. The startup aims to disrupt the edtech market and create a lasting impact in the education sector. Ramees Ali, co-founder and CEO of INTERVAL, expressed confidence in the company’s ability to transform the learning experience for children and empower them to reach their full potential.
Under the mentorship of the Kerala Startup Mission (KSUM), INTERVAL has rapidly expanded its customer base, reaching over 30 countries and establishing a strong community of customers in India and Gulf Cooperation Council (GCC) countries. The startup has achieved impressive revenue of over Rs 80 million in the last fiscal year, highlighting its rapid growth and market acceptance.
The pre-seed funding secured will primarily be utilized to strengthen INTERVAL’s technology infrastructure, onboard more skilled teachers, and develop new educational content. The startup aims to enrich the learning experience for students by leveraging its unique one-to-one teaching methodology. This approach ensures that each student receives individual attention, enabling a customized learning experience tailored to their specific needs and aspirations.
The Kerala Startup Mission (KSUM), as the nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state, has played a significant role in mentoring and supporting INTERVAL. The collaboration with KSUM has provided the startup with valuable guidance and resources, contributing to its growth and success.
INTERVAL’s fundraising success and its rapid expansion are a testament to the increasing demand for personalized online learning solutions in the K-12 education sector. The startup’s innovative approach and commitment to delivering high-quality education have resonated with students and parents alike, driving its popularity and revenue growth.
With the latest funding boost, INTERVAL is well-positioned to accelerate its growth trajectory, expand its market presence, and further enhance its offerings. The support from UAE angel investors not only provides financial backing but also validates the startup’s potential and sets the stage for future success.
As the edtech sector continues to thrive, INTERVAL’s achievements serve as an inspiration for other entrepreneurs and startups in Kerala and beyond. The success story of INTERVAL demonstrates the power of innovation, entrepreneurship, and collaboration in transforming the education landscape and shaping the future of learning.
