Artium Academy, an online music learning platform, is set to raise Rs 19.2 crore (approximately $2.13 million) in its Series A round. The investment will be led by Jejurikar Longevity Trust, with participation from Savitha Ramesh and existing investor Chiratae Ventures. The funding will be used for business expansion, growth initiatives, and general corporate purposes, as confirmed by the company’s filing with the Registrar of Companies (RoC).
Founded in 2020 by Ashish Joshi, Vivek Raicha, and Nithya Sudhir, Artium Academy offers personalized 1:1 live music classes in vocal and instrumental categories. The platform leverages technology to provide structured music education to its users.
With this latest funding, Artium Academy’s valuation is projected to surge over 4 times to approximately Rs 375 crore (about $41.2 million) from its previous valuation of Rs 90 crore during its earlier funding round in 2022. The allocation of shares will result in Jejurikar Longevity Trust holding 2.65%, Savitha Ramesh 6.75%, Chiratae Ventures 18.28%, and the company’s co-founders retaining a collective 39.48% stake.
In the fiscal year 2025, the company reported a notable increase in operating revenue to Rs 27.77 crore from Rs 18.96 crore in the previous year. However, the net loss also saw a rise of 13.8% to Rs 21.55 crore compared to Rs 18.94 crore in the prior period.
Source: Entrackr : Latest Posts