Eupheus Learning, a business-to-business (B2B) Edtech firm, has raised $10 million in Series C funding from Lightrock India, a worldwide non-public fairness platform.
According to a press assertion, the corporate plans to make use of the proceeds to scale up the enterprise by increasing its product portfolio and coming into new markets and pursue acquisitions.
Eupheus Learning is a school-focused distribution platform having a curriculum-focused method. It offers curriculum, instruments, and extra. The programs are supplied for topics like English, arithmetic, EVS and so on. With its giant catalogue of curricular and supplemental choices, the corporate works with greater than 5,500 faculties in India and the Middle East.
Established in June 2017 by Sarvesh Shrivastava, Ved Prakash Khatri, and Amit Kapoor, the Delhi-based startup has just lately launched 2 mega competitions, “National Coding Competition, Code2Win” and “Olympiad through ISFO,” which can have a mixed complete registration of near 1 million college students in India.
Speaking in regards to the fundraise, Sarvesh Shrivastava, Co-founder and Managing Director, Eupheus Learning stated,
“We are very excited to partner with Lightrock in our vision to become the largest player in the K12 space. With the evolution of online teaching and the impact of COVID-19 on the education sector, we at Eupheus Learning are assisting schools to adopt a hybrid form of teaching and learning experience by providing 21st-century learning solutions to students. We look forward to a fruitful association with Lightrock to offer seamless in class and at home learning solutions.”
With the introduction of National Education Policy 2020, the corporate stated, there was improved adoption and demand from faculties for new-age options.
Sixth Sense Ventures was the primary institutional investor which funded the startup by means of its second fund Sixth Sense India Opportunities II. It has a major minority stake in the corporate. The startup has additionally obtained funding from Yuj Kutumb, backed by the household workplace of Sid Yog who’s a Founding Partner of The Xander Group Inc.
Divya Venkatavaraghavan, Principal, Lightrock has stated,
“The pandemic has only amplified our thesis that schools continue to remain core to advancing children’s lives through education. The unprecedented disruption of a classroom due to pandemic-driven digitalisation presents a rare opportunity for schools to adopt hybrid learning models and improve learning outcomes for students. As schools engage in this complex systemic endeavour, Eupheus – with its “curriculum-focused” and “classroom-first” approach – is best-placed to help them unlock their potential for transformation as the trusted partner.”
The firm claims to have partnered with over 13K faculties, overlaying 4 million college students with a pan India presence throughout 80 cities and a workforce dimension of 175 members. In addition to this, it has additionally signed partnerships with worldwide edtech platforms like ETS, Sanko, World Book and Fiction Express amongst others to assist its faculties to reinforce pupil’s studying and writing talents, STEM/STEAM and English language studying expertise amongst others.
Eupheus Learning had raised $4.3 million in Series B funding led by Kuwait-based United Education Company (UEC) and Al Rayan Holding Company for home and worldwide enlargement in February this 12 months.
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