Artium, which launched the beta version of its online platform in February, currently has 59 teachers on the board and generates a revenue of around Rs 10 lakh a month.
“We will cross Rs 10 lakh this month,” said Ashish Joshi, founder and CEO of the Mumbai-based startup. “We’re not profitable yet, but with the kind of growth we’re seeing, we should be able to profit within the next 12 to 18 months.”
He said the company is trying to raise funds to enhance and manufacture the technology equipment. “The idea is to raise Series A rounds soon after launching in the market,” Joshi said. “$3-5 million (about Rs 22-37 crore) would be a good growth plan.” Artium had raised Rs 5.6 crore in a seed round this year.
Startups that provide training in extra-curricular activities such as dancing, baking, yoga and drawing
Edtech sector is expected to be a significant part of in 2021, investors told ET earlier this year. In 2021, there were nine funding deals in the extra-curricular edtech industry, amounting to $18 million, according to data from Venture Intelligence. In 2020, there were five deals totaling $10 million.
Joshi said that so far more than 500 students have signed up on the Artium platform. “People want to be good artists. They want to sing better songs at the next party,” he said. “We’ve designed a curriculum to help you become a better artist, but not necessarily make you a musician.”
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It has inducted some renowned singers and composers on its academic board including Sonu Nigam, Aruna Sairam, KS Chitra, Shubha Mudgal and Ananth Vaidyanathan. The corporation has invested in the company and is also the custodian-in-chief.
Artium also wants to bring teachers from prestigious institutions like London’s Trinity College and Boston’s Berklee College of Music on its platform. “Indian teens want to learn western classical music. This plan is in the pipeline, we will complete it in a quarter of the time.”
The company wants to expand its reach to the Indian diaspora in the US, Canada, UK, Australia, Middle East and South East Asia. It currently has around 25 expats on its platform.