# Openhouse Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openhouse-technologies-private

- Industry: Education/Training
- Headquarters: Kolkata, India
- Website: www.openhouse.study
- Total disclosed funding: $6.1M
- Latest round: Series A (Dec 26, 2019)
- Investors on record: 4

## About

Openhouse Technologies Private Limited is dedicated to providing innovative educational services, including preschool, daycare, and extracurricular activities, to foster early childhood development and creativity in children aged 1 to 8.Founded in 2018 in Kolkata, India, Openhouse Technologies Private Limited operates as a children's learning center. The company raised approximately INR 431.55 million in Series A funding on December 26, 2019, with key investors including Accel, Matrix Partners India, QED Innovation Labs, and Blue Wolf Capital. The latest funding round values the company at INR 1.50 billion. Founders Akshay Rampuria, Louise Rumball, and Yashovardhan Poddar bring diverse backgrounds to the company's vision for early childhood education.Openhouse operates as a comprehensive children's learning center, providing a range of educational services including preschool, daycare, extracurricular activities, and weekend workshops tailored for children aged 1 to 8. The center fosters curiosity and creativity through thoughtfully crafted learning environments like homerooms, art studios, and outdoor nature play areas. Openhouse serves metropolitan markets in Bangalore and Kolkata, offering families high-quality educational experiences aligned with global standards of childcare.In the most recent year of 2023, Openhouse reported a revenue of INR 548,135.10 and an EBITDA of -INR 2,853,948.50. The revenue model is primarily based on direct-to-consumer transactions, where parents enroll their children in various educational programs offered at the centers. The company likely implements a subscription-based pricing strategy for its daycare and preschool services, ensuring flexible payment options for families.Openhouse Technologies Private Limited plans to utilize the Series A funding raised in January 2020 to support expansion and development of new educational programs. While the specific upcoming products have not been detailed, the company aims to grow its presence in additional urban markets across India. With the latest funding, Openhouse is positioned to enhance its service offerings and continue contributing to children's educational journeys.

## Funding rounds

- Series A, Dec 26, 2019, $6.1M — Accel, Z47, QED Innovation Labs, Blue Wolf Capital - duplicate

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Z47 (https://capitalatlas.ai/funds/z47) — Series A
- QED Innovation Labs — Series A
- Blue Wolf Capital - duplicate — Series A