PEARSON AFFORDABLE LEARNING FUND (PALF)and Aavishkaar have announced a $2.3 million Series A round of investments in Karadi Path, which makes immersive English language curriculum and multimedia materials. Based in Chennai, the Indian startup claims to be used in 1200 schools and reach 200,000 students, according to a press release. The company plans to expand its audience to younger children and college students.
Founded in 2012 with $15 million, PALF invests in low-income communities in the developing world. So far it has made nine investments in companies in South Africa, the Phillipines and Nigeria, among others. Karadi Path will be its tenth.
