Ed-tech startup Witblox has announced that it has raised Rs 1.3 crore from Mumbai Angels Network. The funding round was also participated by 24 other investors from Mumbai Angels Network.
The company was founded in 2014 by Amit Modi. The company provides gamified robotics-based teaching for children in the age group of 8-16 through plug-and-play hardware toolkits in the science, technology, engineering, mathematics (STEM) fields.
Earlier the company was incubated with Neotech, an incubator, and an accelerator from Ambuja Neotia. The company is planning to use this fresh funding to support its business growth.
“MA not only helped me raise funds seamlessly, it connected me to its vast network of investors across cities in India. With these funds, we plan to bring about significant changes in our strategy,” said Amit Modi, Founder & CEO, Witblox.
“I’m happy to be associated with the next phase of growth of Witblox. While helping children learn by the building is rewarding in itself, I think this is a great team with the potential to build a big business. To make it big, a business needs a motivated, passionate team propelled by a purpose catering to a growth market. I think Witblox has the right ingredients and it is time to execute heads down,” said Aditya Sanghi, Mumbai Angels Investor.