Tech start-up Parentof raises $1 million in seed funding

Parentof, a decision sciences start-up that provides insights into child growth and decision analytics, has raised $1 million in seed funding, bringing their total funding since inception to $2 million. The round was led by angel investor V Srinivas and other existing investors. The capital raised will be used to further evolve the start-up's technology, and to expand its partner network, including schools, vocational institutions and e-learning platforms. Founded by Swaroop Madhavan, Dr Manohar Chikkanna and Dhananjay Prabhu in August 2015, the Bengaluru-based parent-tech start-up uses AI-powered ARC Engine (analysis, recommendation and curation) to identify and assess each child's unique growth and developmental journey. This has helped the over two lakh children and is supported by over 500 schools, the start-up claims.