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Shape India raises USD 200,000 in pre-series A funding

ANI  |  New Delhi [India] 

India's leading physical education organization Shape on Wednesday announced receiving of an investment worth USD 200,000 in a Pre-Series A by Sandeep Mathur, of Oracle,

Shape India, which is a physical education organization with a customized curriculum and a structured approach to SHAPE children for their Lifetime, will use the investment for digital transformation.

"We will aim for Shape to reach out to a wider audience and this type of scalability can be brought through technological disruption. I am looking forward to adding more value through my own experience leading a large tech conglomerate," said managing director, Oracle India, Sandeep

"The real value out of this relationship will come across from the strong technological expertise that Sandeep has, as we start digitally transforming Shape. By creating modules we hope to expand Shape nationally, and eventually take our steps globally," said of Shape India, Raju Deb.

"We are excited about the days ahead because our whole concept of making sure that young Indians are focused on sports as much as they are on academics is something we intend to bring to the forefront. Without technology, today, that is not possible. We look forward to the future," said of Shape India,

Working with 60 schools, Shape has touched over 100,000 students. They have customized curriculum for children in schools and Shape Sport Academies.

With this investment they are planning to take the modules to a larger diaspora. Apart from technological innovation, this investment will propel Shape to take their concept across other cities in India and build the same expertise and type of growth trajectory they have.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 07 2018. 17:30 IST
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