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Funding · Education & Skilling

Artium Academy raises ₹19.2 crore Series A

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Date
Company
Artium Academy
What it does
Online music learning platform
Kind
Funding
Amount
₹19.2 crore
Stage
Series A
Founded
2020
Sector
Education & Skilling

What they do

Artium Academy offers 1:1 live music classes for vocals and instruments

What happened

It raised ₹19.2 crore led by Jejurikar Longevity Trust, with Savitha Ramesh and Chiratae Ventures

Why it matters

The valuation jumped over 4X to ₹375 crore from ₹90 crore in October 2022

The details

  • Artium Academy raised ₹19.2 crore ($2.13M) in a Series A round.
  • The round was led by Jejurikar Longevity Trust with ₹9 crore.
  • Savitha Ramesh participated with ₹7 crore.
  • Existing investor Chiratae Ventures added ₹3.20 crore.
  • The company issued 60,450 CCPS (compulsorily convertible preference shares) at ₹3,176 each.
  • Funds will be used for business expansion, growth initiatives, and general corporate purposes.

The bigger picture

  • The company's valuation rose over 4X from ₹90 crore in October 2022 to ₹375 crore now.
  • Artium Academy's FY25 operating revenue grew to ₹27.77 crore from ₹18.96 crore in FY24.
  • Net loss increased 13.8% to ₹21.55 crore in FY25 from ₹18.94 crore in FY24.

About the business

  • Artium Academy is an online music learning platform.
  • It offers 1:1 live classes for vocal and instrumental music.
  • The platform uses tech-enabled structured education to teach students.
  • It was founded in 2020 by Ashish Joshi, Vivek Raicha, and Nithya Sudhir.

What happens next

  • The company plans to use the funds for business expansion and growth initiatives.
  • Funds will also go toward general corporate purposes.

The deal

Type
Series A

Investors

  • Jejurikar Longevity Trust (lead) — A trust that led the round with ₹9 crore.
  • Savitha Ramesh (participant) — An individual investor who put in ₹7 crore.
  • Chiratae Ventures (existing) — An existing investor that added ₹3.20 crore.

Founders

  • Ashish Joshi, Co-founder
  • Vivek Raicha, Co-founder
  • Nithya Sudhir, Co-founder

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