Artium Academy, an online music learning platform to raise ₹19.2 crore (approximately $2.13 million) in its Series A funding round, as per The Entrackr report.
This round will be led by Jejurikar Longevity Trust, with participation from Savitha Ramesh and existing investor Chiratae Ventures.
The latest funding round announcement has resulted in a significant valuation increase for Artium Academy. The company's valuation has jumped over 4 times to approximately ₹375 crore ($41.2 million), up from ₹90 crore when it last raised $3 million in October 2022.
This remarkable growth reflects the confidence investors have in the platform's potential and its innovative approach to music education.
The board of Artium Academy has approved the issuance of 60,450 Series A compulsorily convertible preference shares (CCPS) at an issue price of ₹3,176 each.
Jejurikar Longevity Trust led the funding with an investment of ₹9 crore, followed by Savitha Ramesh with ₹7 crore, and Chiratae Ventures contributing ₹3.20 crore.
The funds raised will be utilised for business expansion, growth initiatives, and general corporate purposes. This strategic allocation of resources aims to enhance the platform's offerings and reach a broader audience.
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Following the completion of this funding round, Jejurikar Longevity Trust will hold a 2.65% stake in Artium Academy, Savitha Ramesh will have 6.75%, and Chiratae Ventures will possess 18.28%.
The company's co-founders, Ashish Joshi, Vivek Raicha, and Nithya Sudhir, will collectively retain a 39.48% stake, ensuring continued leadership and vision for the platform.
In FY25, Artium Academy's operating revenue increased to ₹27.77 crore from ₹18.96 crore in FY24. However, the company's net loss also rose by 13.8% to ₹21.55 crore, compared to ₹18.94 crore in the previous fiscal year.
These figures highlight the platform's growth trajectory and the challenges it faces in achieving profitability.
Artium Academy plans to raise capital through its successful Series A round will be a pivotal milestone that has already delivered a 4X increase in valuation. The funds will support the company's expansion and growth initiatives, positioning it for further success in the online music education sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 4, 2026, 9:15 AM IST
Team Angel One
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