# Spark Studio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spark-studio

- Industry: Education/Training
- Headquarters: Bangalore, India
- Website: www.sparkstudio.co
- Total disclosed funding: $0.5M
- Latest round: Seed (Mar 31, 2022)
- Investors on record: 7

## About

Spark Studio is an online education platform focused on enhancing children's creativity and skills through a diverse range of extracurricular courses. Their offerings cater to various interests, fostering personal development in young learners.Founded in 2020 in Bangalore, India, Spark Studio specializes in online learning programs for children. The company was established by a team including Anushree Goenka, who has a history of founding other ventures. Spark Studio has successfully completed 3 deals by March 31, 2022, raising a total of INR 40.59 million in a SEED round from investors such as LetsVenture and Luckbox Ventures, valuing the company at INR 969.528 million.Spark Studio specializes in online learning programs designed for children, focusing on enhancing their creative, linguistic, and artistic abilities. The company offers a diverse array of extracurricular courses, including Public Speaking, Art, Western Vocals, Keyboard, Stop Motion Animation, Art of Storytelling, Photography, Guitar, Reading with Phonics, Spoken English, and Digital Animation. These courses aim to build confidence, foster creativity, and develop essential skills in young learners through interactive and engaging activities. Spark Studio serves a wide age range, catering to children from as young as five years old up to thirteen, with a client base that includes parents seeking to enrich their children's educational experiences. Geographically, these services are offered online, thereby reaching a global audience rather than being limited by physical location.In the most recent year of 2023, Spark Studio reported a revenue of INR 349736.4 with an EBITDA of -438936.7. The revenue model operates primarily on a direct-to-consumer basis, offering individual courses that parents can enroll in. Each course is structured as a standalone offering, allowing for flexible enrollment based on the child's interests. Families pay for these courses, which typically include small group classes to ensure personal attention and effective learning. Key offerings like the Public Speaking and Art of Storytelling courses serve as flagship programs, attracting interest from parents and contributing to the company's revenue streams.Following their recent SEED funding round in March 2022, where Spark Studio raised INR 40.59 million, the company plans to utilize these funds to develop new online courses and expand into additional international markets by the end of 2023. They aim to introduce new offerings that will enhance their curriculum and cater to an even wider audience, ensuring the continued growth of their platform and services.

## Funding rounds

- Seed, Mar 31, 2022, $0.5M — Vistra ITCL, Milestone Trusteeship Services, LVX, She Capital, QED Innovation Labs, Luckbox Ventures
- Seed, May 18, 2021 — Better Capital

## Investors

- Better Capital — Seed
- Vistra ITCL — Seed
- Milestone Trusteeship Services — Seed
- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- She Capital (https://capitalatlas.ai/funds/she-capital) — Seed
- QED Innovation Labs — Seed
- Luckbox Ventures (https://capitalatlas.ai/funds/luckbox-ventures) — Seed