Bangalore-based EdTech Firm 'Kyt' Secures Investment of $5 Million

Bangalore-based education technology platform ‘Kyt’ has secured an investment of $5 milion in a Series-A funding round. Primarily led by Alpha Wave Incubation, the investment has parts from Titan Capital, Sequoia Capital India's Surge and Singapore-based January Capital as well. Reportedly, the investment from Alpha Wave Incubation will be used by Kyt for setting up a regional headquarter in Abu Dhabi and expand its operational activities. Besides, the fund will also be used to develop the company's products. About their investment in the company, the investors say "Kyt has made it possible for students from every corner of the world to access quality learning from best-in-class teachers and practitioners in each field."  Having active student participation from the UAE, India, and Singapore, Kyt plans to expand its global footprints across the the UK, the US, Australia and Canada. Started by a founding leader of Uber India, Bhavik Rathod and his wife Tripti Ahuja, Kyt is the first global online academy that helps students learn through extra-curricular activities and encourage students through the feedback mechanism.