88academics raises $3 mn in pre-series A round led by Aarin Capital

Online education provider 88academics has secured equity financing of about $3 million in a pre-Series A round led by Aarin Capital Partners, founded by Mohandas Pai and Ranjan Pai. 88academics (India), an 88tuition (Singapore) group company, will use the funds to develop India specific content for the K-12 segment.

A group of successful professionals, including Piyush Gupta (CEO, DBS Group), Vinod Gupta (MD, VG Learning Destination and Rashtriya Gaurav Awardee), P S Jayakumar (ex-MD & CEO, Bank of Baroda), Ramesh Swaminathan (Group CFO, Lupin), Ajay Abrol (ex-Head Proprietary Trading, Nomura Singapore), Prem Rajani (Managing Partner, Rajani Associates), Akshay Gupta and N Jayakumar (Management Team, Prime Securities) also participated in the round.