Educational technology platform Kyt raised $5 million in a Series A funding round. The investment is led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital. Sequoia Capital India’s Surge, January Capital, Titan Capital and other angel investors also participated in the round. Kyt is the first Indian company to receive investment from Singapore-based January Capital. Bengaluru-based Kyt will use these funds to expand its operations to Abu Dhabi and use the Emirates as its regional headquarters for targeting the Gulf Cooperation Council (GCC), Middle East/North Africa and other global markets. Kyt also plans to build a world-class team of data scientists, product managers and engineers located in Abu Dhabi.

(Live Mint)