School educational services start-up Zaya Learning Labs has raised an undisclosed amount of investment from Pearson Affordable Learning Fund (PALF), an education fund run by UK-based Pearson. Zaya will use the capital for product development.
Founded in 2010, Zaya Labs has developed a learning model which allows students to learn in three different modes: digital content on tablets for individual learning, group learning with a teacher and peer-to-peer group learning.
Its flagship product is Labkit which comprises low-cost tablets, projector, curated digital content and ClassCloud, which is a plug-n-play WiFi router preloaded with 2TB local & cloud storage and its adaptive learning platform.
The company claims that around eight schools and seven learning centres are currently using this solution and it hopes to implement this product in around 500 government schools & low-cost private schools and 400 learning centres over the next four years.
Besides Labkit, Zaya also offers services like learning labs, assessments and teacher training among others. The company was previously a not-for profit company known as Teach a Class.
PALF was set up by Pearson in 2012 and it makes minority equity investments in for-profit companies operating in affordable education services in Africa, Asia and Latin America. Zaya is PALF’s fifth investment globally, and its first investment in India.
Pearson-Tutorvista: In February last year, Pearson had acquired the remaining 20% equity in Tutorvista, following which the founders Krishnan Ganesh and Meera Ganesh had exited the company and the company COO Srikanth B Iyer had been appointed as the new CEO of Tutorvista.
The company along with Village Capital had also invested $75,000 each into Bangalore-based Experifun and Hyderabad-based Sudiksha Knowledge Solutions, as part of its Edupreneurs programme in December last year.
Other recent investments in the education sector
– Embibe raised $4 million from Kalaari Capital and LightBox Ventures earlier this month.
– Foradian Technologies had also raised $2 million from Fab India’s William Bissell
– Function Space, a learning network raised seed funding from Nexus Venture Partners
– Mobile-focused education marketplace GradeStack raised an investment from Times Internet Limited
– Learning Edge Academy of Professionals Pvt Ltd (LEAP) e-learning platform raised funding from Sarthi Angel Venture Foundation (SAVF)
– Everest Edusys which offers science education solutions to schools through QED brand, had raised funding from Lok Capital and Chennai Angels.
– Education products and services company Skyfi Labs raised an investment from Chennai Angels and the investment bank Spark Capital.