Saturday , 15 December 2018

PlayAblo Raises $600,000 Funding by ABI-Showatech (India) Ltd.

July 19, 2017, Bangalore: ABI-Showatech (India) Ltd, a company that traces its origins to the Brakes India Group, and companies associated to ABI, have invested about $600K in GoSharp Technology & Consulting (parent company of PlayAblo). The potential reach and the impact that PlayAblo can have in the way education at the primary level can be improved is the reason the group has decided to invest in this venture commercially.

The Chairman of the board of ABI-Showatech India Ltd, said “Playablo’s vision is to drive a fundamental change in grassroots education levels in our country through the use of game elements & technology. The gamified learning market in India is a blue ocean and we believe Dheeraj and his team are poised to disrupt this space. We are excited to be a part of this journey.”

Dheeraj Sharma, CEO, Playablo added, “I see Gamified Learning being exactly where e-commerce in the country was 10 years ago – Nascent but with massive latent potential. This infusion of capital from investors who share our vision is the reinforcement that we needed to make our next leap of growth. PlayAblo can make a substantial impact on the entire education ecosystem at Primary School level as well as for Skill Development of young adults. We will leverage this investment for two key purposes: Building our sales, technology teams and investments in product & technology.”

ABOUT PLAYABLO
Playablo (www.playablo.com) is a fast growing Bangalore based Ed-Tech startup that specializes in providing engaging, gamified learning solutions to different consumer segments in India. The company believes in “Edutainment” a healthy amalgamation of fun and learning.

Playablo aims to bring about a fundamental change in how education is imparted in India. The company was started in May 2016 and has 3 product lines now focused on distinct consumer groups –

Playablo at Home (Playstore) – The focus here is on delivering gamified, fun learning experiences to children aged 6-12 years (classes I through V) in English & Maths. The children access Playablo’s content library through the android app or a web browser. Playablo’s content library is over 100,000 questions strong and 100% compliant with CBSE & ICSE curricula. There are over 20,000 children spread across the length and breadth of the country using the product today.

Playablo for Skill Development (Playstore) – To bridge the skill gap and to empower youth from tier II and tier III cities, Playablo has developed a training module that is focused on Spoken English. The company works with NGOs that specialize in up-skilling and re-skilling young adults aged 18-22 years in order to make them more confident & increase their chances of employment. Playablo recently tied up with the NGO, Unnati and is now training 5000 of their students nationwide on spoken English skills through their mobile app & web.

Playablo for Schools – The focus here is on weaving Playablo’s learning platform into the school’s pedagogy and having Playablo established as the school’s official learning app.

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