Freadom raises $2.5 million from multiple investors
Edtech startup Freadom on January 12 said that it has raised $2.5 million in a funding round led by Capital A and a clutch of marquee investors.
The investors include Bollywood actor Tiger Shroff, BharatPe Founder Ashneer Grover, VMart Retail Founder Lalit Agarwal, and Global PayU CFO Aakash Moondhara.
Several existing investors, including Unreasonable Capital, Quantiphi founding team, and Singapore Angels group, also participated in the round.
The funding will be invested in product, distribution and to further strengthen Freadom's vertical presence across stakeholders for English as a second language, the company said in a statement.
"Freadom has been focused on solving for age and learning outcomes with the deepest impact and hence effectively capturing maximum value. Having solved for distribution without spending on digital marketing, it is a definite edge for them in India to retain their pole position. I can see blitz scale as the next stage excited with seat belts on," he said.
Actor Tiger Shroff is upbeat about youths. "The youths of a nation are its future and a stepping stone for economic growth. Being well-versed in a language like English can give them immense confidence, personally and in all walks of life, especially in this fast-changing global village. In this regard, Freadom is doing great work and I look forward to their growth trajectory and outcomes in the times to come."