Bangalore: Preschool chain Footprints Child Care has raised Rs.4.25 crore from online fund raising platform LetsVenture. According to the reports, the funds will be utilized by the company in expanding operations in Delhi-NCR.
Amidst diligent work-life of the parents and poor quality at the preschools, the kindergarten has taken the encumbrance off the workaholic parents who are disposed to spend a hefty amount for children’s pre-education. Established in 2013 by IIT-IIM alumni Raj Singhal, Purvesh Sharma and Ashish Aggarwal, the company has day care and preschools in Gurgaon, Noida and Delhi-NCR. Powered by innovative ideas like CCTV live streaming through mobile apps for parents, this pool for infant has been a major success in the National Capital territory. This former IIT alumnus predicated preschool chain is also renowned for its quality food, genuine at-home care and quality services. Raj Singhal, the CEO of Footprints explained, “India has a rapidly growing emerging economy with an expeditious growing middle class population, which is inclined to spend significantly on inculcation and childcare for their puerile children”.
The angel round of funding was also led by Kshitish Jain, Founder of Mobolt along with Kumar Bansal of Step Ahead Ventures. Talking about the same, Kshitish Jain verbalized, “Child day care is a $50 billion mature business in U.S. I believe India will follow the same trend as more and more women join the workforce. That makes for a perfect timing for a core consumer services business like Footprints in emerging economy like India. Footprints proven leadership team is just the right team, at right place, doing the right thing with perfect ingredients of passion, professionalism and technology to scale & deliver”.