Bengaluru-based ed-tech Kreedo Early Childhood Solutions has secured Rs 10 crore in debt funding from Recur Club, a prominent debt marketplace for startups and SMEs. The funding is structured as a curated debt stack, strategically combining short-term and long-term debt lines, including both secured and unsecured debt instruments. This tailored financing solution is designed to support Kreedo's growth and expansion plans, empowering them to further enhance their product offerings and scale operations across India.
Founded in 2012 by IIM-C alumni Mridula Shridhar and Manikandan Krishnan, Kreedo focuses on improving education in over 350,000 affordable private schools across India, which cater to low-income families and charge less than Rs 30,000 annually.
Kreedo has demonstrated an impressive revenue growth rate of over 35 per cent year-on-year for the past three consecutive years. Previously, Kreedo raised USD 4 million in Series A funding, co-led by Heritas Capital and UBS Optimus Foundation, to enhance educational ecosystems in these schools.
On this collaboration, Manikandan Krishnan, Co-founder of Kreedo, said, “At Kreedo, we aim to redefine early education by equipping schools with innovative solutions that significantly improve learning outcomes. This funding from Recur Club marks a pivotal step in scaling our operations and meeting our working capital needs. We’re delighted to collaborate with Recur Club, whose seamless and efficient funding process perfectly aligns with our vision of creating impactful change in the education sector.”
Recur Club Co-founder and CEO, Eklavya Gupta, shared, “It has been a pleasure working with Manikandan and witnessing Kreedo’s incredible growth journey over the past couple of years. Their intelligent approach to capital management has enabled them to hyperscale effectively while preserving significant equity.”
This partnership builds on a relationship that began in 2022, when Manikandan first approached Recur Club for a short-term loan. Since then, Kreedo’s remarkable growth has paved the way for continued funding through multiple tranches. This collaboration highlights Recur Club’s dedication to providing businesses with easy access to capital, fostering innovation, and driving growth across industries.
Looking ahead, Kreedo is confident that its strong track record and innovative growth plans will catalyse broader community efforts to enhance the future lives and livelihoods of generations of children across India.
