88academics has secured equity financing of about $3 million in a pre-Series A round led by Aarin Capital Partners, founded by Mohandas Pai and Ranjan Pai. 88academics (India), an 88tuition (Singapore) group company, will use the funds to develop India specific content for the K-12 segment.

A group of successful professionals, including Piyush Gupta (CEO, DBS Group), Vinod Gupta (MD, VG Learning Destination and Rashtriya Gaurav Awardee), P S Jayakumar (ex-MD & CEO, Bank of Baroda), Ramesh Swaminathan (Group CFO, Lupin), Ajay Abrol (ex-Head Proprietary Trading, Nomura Singapore), Prem Rajani (Managing Partner, Rajani Associates), Akshay Gupta and N Jayakumar (Management Team, Prime Securities) also participated in the round.

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Anil Ahuja, founder and CEO of 88tuition, said, “We are honoured to welcome Aarin and other high-quality investors into our family. Our objective is to democratise education and make the highest quality product available to everyone at an affordable price.”