Mumbai, India, July 7, 2020-
Samsung ventures backed TagHive Inc., one of South Korea’s leading Ed-Tech
startups, has raised an undisclosed amount as a part
of their Pre-Series A round of investments. According to the company’s statement, the venture is now valued at USD 10
million.
Samsung ventures backed TagHive Inc., one of South Korea’s leading Ed-Tech
startups, has raised an undisclosed amount as a part
of their Pre-Series A round of investments. According to the company’s statement, the venture is now valued at USD 10
million.
Founded in 2017 in South Korea, TagHive is the brainchild of Pankaj
Agarwal, an IIT
Kanpur graduate with an MBA from the Harvard Business School. The start-up has
raised funds from South Korea based Joon Hyon, Managing Partner at Complement
Capital.
Agarwal, an IIT
Kanpur graduate with an MBA from the Harvard Business School. The start-up has
raised funds from South Korea based Joon Hyon, Managing Partner at Complement
Capital.
TagHive entered the Indian market
in 2019 and has already collaborated with the Governments of Madhya Pradesh and
Uttar Pradesh. The start-up would be looking at deploying these funds to strengthen
its presence in these 2 states and to rapidly grow the presence of its’ flagship
product ‘Class Saathi’to other states. Class Saathi is a combination of a
classroom response system for schools and at-home learning solution that
creates an engaging online learning experience and has proven to yield
impressive learning outcomes.
in 2019 and has already collaborated with the Governments of Madhya Pradesh and
Uttar Pradesh. The start-up would be looking at deploying these funds to strengthen
its presence in these 2 states and to rapidly grow the presence of its’ flagship
product ‘Class Saathi’to other states. Class Saathi is a combination of a
classroom response system for schools and at-home learning solution that
creates an engaging online learning experience and has proven to yield
impressive learning outcomes.
Speaking on the fund raise Pankaj
Agarwal, Founder & CEO, TagHive Inc. said, “Our efforts of developing the
product in South Korea has paid rich dividends to us as we now cater to over 400
schools there. Class Saathi, as a platform, has already been proven to be
effective in India in collaboration with the Governments of Uttar Pradesh and Madhya
Pradesh. In India, we have already on-boarded close to 50 schools in less than
a year and are looking at expanding our operations across 10,000 schools by
2022.”
Agarwal, Founder & CEO, TagHive Inc. said, “Our efforts of developing the
product in South Korea has paid rich dividends to us as we now cater to over 400
schools there. Class Saathi, as a platform, has already been proven to be
effective in India in collaboration with the Governments of Uttar Pradesh and Madhya
Pradesh. In India, we have already on-boarded close to 50 schools in less than
a year and are looking at expanding our operations across 10,000 schools by
2022.”
Agarwal further added, “We
need to take cognizance of the fact that E-learning has tremendous business
potential in India, as has been witnessed in this lockdown. Going forward,
teachers and students would have to come to terms with E-learning to ensure
that we continue maintaining social distancing. Schools across India are
figuring out unique ways to leverage technology to enhance their learning
methods. Class Saathi is intuitively designed to create an interactive and
immersive learning experience for the students making them confident about
their subjects which might not be possible with classroom learning alone.”
need to take cognizance of the fact that E-learning has tremendous business
potential in India, as has been witnessed in this lockdown. Going forward,
teachers and students would have to come to terms with E-learning to ensure
that we continue maintaining social distancing. Schools across India are
figuring out unique ways to leverage technology to enhance their learning
methods. Class Saathi is intuitively designed to create an interactive and
immersive learning experience for the students making them confident about
their subjects which might not be possible with classroom learning alone.”
Capturing TagHive’s business
potential in India Joon Hyon, Managing Partner at Complement Capital, “The E-learning
industry in India has a huge business potential. By using Artifical
Intelligence, TagHive is uniquely placed in India to take the tech-based teaching
solution across rural towns of India with minimal infrastructural investments.”
potential in India Joon Hyon, Managing Partner at Complement Capital, “The E-learning
industry in India has a huge business potential. By using Artifical
Intelligence, TagHive is uniquely placed in India to take the tech-based teaching
solution across rural towns of India with minimal infrastructural investments.”
TagHive would be
aggressively pushing for partnerships with state governments and education
boards to expand its operations in the country. The start-up intends to deploy
part of the funds to expand its team in India to establish these partnerships.
aggressively pushing for partnerships with state governments and education
boards to expand its operations in the country. The start-up intends to deploy
part of the funds to expand its team in India to establish these partnerships.
