Venture: Rocket Learning
Investment: $2.5M grant
Portfolio: Scaling Capital
Investment date: May 2024
Region(s) served: South Asia
Sector: Education
Core Impact Metric: % of kids that are prepared for school
Programmatic support for a rapidly scaling, high impact venture
Early Childhood Development (ECD) is really important. Over 90 million children in India do not have access to quality education at the preschool level. This lack of education is nearly impossible to remedy later in life and is a critical factor in maintaining intergenerational cycles of poverty. Rocket Learning seeks to end this cycle, which contributes to intergenerational poverty, by ensuring that government-run daycares serve as high-quality preschools.
Why Rippleworks Invested:
Rocket Learning has a number of tailwinds behind it: the government is supportive, their product is distinct and easy to use, and they have rigorous data supporting the outcomes, proving that children are benefiting from parents and caregivers who use the product. Rippleworks’ capital serves as additional fuel for the team to pursue their exponential growth.