Celebrity-focused online learning and community platform FrontRow has raised $14 million or Rs 104 crore in a Series A round led by Eight Roads Ventures. This is the maiden financing round for the Bengaluru-based venture this year.
FrontRow has passed a special resolution to allot 2 equity shares and 34,377 Series A preference shares at an issue price of Rs 30,136 per share to raise Rs 103.6 crore. Eight Roads Ventures led the round with Rs 37 crore whereas Lightspeed and Elevation Capital have put in Rs 18.5 crore each, FrontRow’s regulatory filings show.
FBC ventures and Ka Enterprises have invested Rs 2.96 and Rs 1.2 crore respectively. US-based Earl Grey Capital has invested Rs 1.1 crore. Apart from institutional backers, it also raised capital from over a dozen top tier angles including Ashneer Grover, Karan Singh, Kunal Shah, Nitin Gupta, David Booth, Maninder Gulati, Ashish Gupta, and Eric Feldman, reported Entrackr.
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Founded by Shubhadit Sharma, Mikhil Raj and Ishaan Preet Singh, FrontRow provides skill-based paid courses with the help of celebrity instructors. It offers a learning experience, with flagship courses taught by industry stalwarts such as Amit Trivedi, Neha Kakkar, DIVINE, Suresh Raina and 100+ live courses taught by influencers and experts for learners to go deeper in their field. It currently offers 10 courses in genres such as cricket, music and comedy.
Users can pay and access after paying a one-time fee per course that ranges from Rs 500 to Rs 1,000. According to Sensor Tower data, its Android app has been downloaded over 1.1 million times since its inception early last year.
FrontRow had earlier raised $3.2 million in its seed funding round in May last year from Lightspeed, Elevation Capital and Deepika Padukone’s family office. FrontRow competes with the likes of Unlu, Mento, Celebrity School and others.
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