Uolo, a B2B edtech startup, has raised USD 22.5 million in a Series-A funding round led by UAE-headquartered VC fund Winter Capital. Existing investors Blume Ventures and the new Dubai-based fund Morphosis Venture Capital also participated in the funding round.

As per the startup, the raised funds will be used to expand its learning programmes with courses in STEAM subjects in the upcoming months. Additionally, over the next four years, the startup plans to reach 50,000 schools across India.

Uolo.com | Unlimited Online Learning Opportunities

Founded by Pallav Pandey and Ankur Pandey, Uolo is a Gurugram-based B2B edtech startup that partners with private schools to bring the teacher-student-parent community online through its mobile app.

It offers learning programs in coding (aligned with the school’s Computer Science Curriculum) and English Speaking (aligned with the school’s English Curriculum). Students use a parent/ guardian’s smartphone at home to complement their in-school learning.

Speaking about the development, Pallav Pandey, Co-founder and CEO of Uolo, said,

“The truth is that, after a few hours of play, rest and mandatory school homework, K-12 students do not have much time left. The edtech solutions need to build on top of 6 hours spent in school daily and magnify the outcomes by leveraging the smartphones available at home. The lack of alignment with school, together with exorbitant pricing, is causing edtech companies to falter.”

Uolo provides high-quality and affordable phygital learning programs that align with the school curriculums. Its open architecture platform allows third-party education publishers and new-age content creators to develop physical learning programs for K-12 schools and students that usually come with a book, which the teacher uses during classes, as well as digital activities for students to complete at home.

The edtech startup has partnered with more than 8500 schools across India and currently reaches over 3.7 million students. Uolo plans to introduce more programs across STEAM subjects in the coming months.

In November 2020, the Gurugram-based startup raised Rs 20 Crore (USD 3Mn) led by VC funds Blume Ventures.

Commenting on the development, Anton Farlenkov, Managing Director of Winter Capital, said,

“The first wave of edtech companies in India have proven consumer interest in online education. However, they lacked a cost-effective distribution. We believe that there will be a new generation of edtech companies capable of building organic, low-cost distribution, allowing students to study at $10 per year rather than $10 per hour. Our investment in Uolo is based on our confidence in this type of company.”

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