Total amount raised
$1.5 Million
Latest funding date
10/1/2021
Location
Stoa has successfully raised funding through multiple rounds, with its last funding type being Seed. Co-founder Raj Kunkolienkar announced on November 12, 2024 that Stoa was shutting down after four years of operations.
What Is Stoa?
Stoa, founded on October 2, 2020, is located in Bangalore, Karnataka, India. The company was an alternative MBA startup that sought to provide affordable business education to millions online.
The founders of Stoa are Aditya Kulkarni, Manoj Kambadur, Raj Kunkolienkar, and Sharmad Kuvelkar. The program served over 1,500 students across 15 cohorts.
Stoa operated with a small team until it shut down in November 2024 after four years of operations. The platform sought to bridge the gap between traditional education and the needs of the business world.
How Much Funding Has Stoa Raised?
- Seed Round
- Amount Raised: $1.5 million
- Date: October 2021
- Lead Investors: Nithin Kamath (Zerodha), Kunal Shah (CRED), Gagan Biyani (Udemy), Richa Kar (Zivame), Raveen Sastry (Myntra), Phanindra Sama (RedBus), Vaibhav Domkundwar (Better Capital)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was aimed at scaling Stoa's capacity, introducing new programs, and building technology for its online-first campus.
Total Amount Raised: $1.5 million. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Stoa have played a significant role in its growth and development. Here are some of the key investors:
- Nithin Kamath
- Details: Nithin Kamath is the co-founder of Zerodha, a leading Indian financial services company. He has been instrumental in revolutionizing the brokerage industry in India.
- Investment Focus Areas: Financial services, technology.
- Notable Investments: Zerodha.
- Kunal Shah
- Details: Kunal Shah is the founder of CRED, a credit card bill payment platform. He is known for his innovative approach to fintech and consumer technology.
- Investment Focus Areas: Fintech, consumer technology.
- Notable Investments: CRED.
- Gagan Biyani
- Details: Gagan Biyani is the co-founder of Udemy, an online learning and teaching marketplace. He has a strong background in edtech and online learning.
- Investment Focus Areas: Edtech, online learning.
- Notable Investments: Udemy.
- Richa Kar
- Details: Richa Kar is the co-founder of Zivame, an online lingerie store. She has been a pioneer in the e-commerce and retail sectors.
- Investment Focus Areas: E-commerce, retail.
- Notable Investments: Zivame.
- Raveen Sastry
- Details: Raveen Sastry is the co-founder of Myntra, an Indian fashion e-commerce company. He has extensive experience in the e-commerce and fashion industries.
- Investment Focus Areas: E-commerce, fashion.
- Notable Investments: Myntra.
The disclosed valuation of Stoa is not publicly available.
What's Next for Stoa?
Co-founder Raj Kunkolienkar announced on November 12, 2024 that Stoa would shut down after four years of operations.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Stoa and gather other critical business insights. Sign up for free and start making informed decisions today.
