IIMA-CIIE incubatee Edsix Brain Lab raises angel funding

Edsix Brain Lab Private Limited, an incubatee of the Indian Institute of Management, Ahmedabad (IIM-A)'s technology business incubator - Centre for Innovation Incubation and Entrepreneurship (CIIE) has recently raised an undisclosed amount in an angel round led by Sprout Angels LLP.

Founded in 2013, Edsix Brain Lab offers Skill Angels - a gamified skill assessment and enhancement platform for K-12 Students, developed by a passionate team of educational experts, clinical psychologists and developmental paediatricians to strengthen core cognitive skills essential for effective performance such as critical thinking, learning agility, increased attention span and more. Skill Angels offers an extensive suite of over 500 games with a rich audio-visual online experience that provides self-paced learning, controlled gaming and supports skill development in a fun filled way.

"Since our inception, Skill Angels has been delivered across over 15,000 student. We are privileged to be seeded by CIIE and receiving incubation services support from IITM RTBI. The support from our passionate angel investors led by Sprout Angels will be pivotal in our growth going forward. With the funding, Skill Angels aims to expand its services in the B2C segment, strengthening the technology platform enhancements for B2B Integration and supporting our vision to emerge as a nation-wide platform for Cognitive Skill Development," said Saravanan Sundaramoorthy, Founder and CEO, Edsix Brain Lab.

Talking about the funding, Vipul Patel, AVP at CIIE said that Skill Angels had the potential to be at the top of the education game arena. "The current round of angel investment will play a pivotal role in moving Skill Angels into the next orbit and fueling next phase of their growth. We congratulate Skill Angels team for the outstanding work they are doing and look forward to continue supporting them in their endeavours," he said.

Apparently, the game based learning industry is globally pegged at around $2-3 billion in 2015, whereas the same is projected to grow to $8-9 billion by 2017, said Abhaya Kumar, Chief Advisor from Sprout Angels LLP.

"We see huge potential for educational games in India with a market size of around a $1-1.5 billion market in next couple of years. We find the product developed by EdSix Lab has global potential. We are excited to invest and see this company grow leaps and bounds," Kumar said.