Bhanzu, a Hyderabad-based math-focused edtech platform, is in late-stage talks to raise its first institutional financing round.

First reported by Entracker, citing three sources, EightRoads Ventures is likely to lead a $15 million worth Series A round in the edtech startup, while B Capital and existing investor Lightspeed will also participate.

As per one of the sources, Bhanzu will be valued in the range of $70-75 million in the Series A round.

Bhanzu | Math-focused Edtech Platform

Started by Neelakantha Bhanu Prakash, who holds four world records and 50 Limca records for being the fastest human calculator in the world, Bhanzu aims to inculcate a love for math at a global level and change the way students perceive math for a better world.

The math-learning platform has a meticulously designed curriculum that helps students become 4x quicker and better at math. It claims to have trained over 30,000 students through its core offerings.

Bhanzu is working with a vision to build the most thought-through math curriculum using personalised AI-aided methodology, building confidence in students by enabling them to apply math in the real world.

This potential Series A funding round comes just months after Bhanzu raised $2 million as a part of its seed funding round led by Lightspeed. During that funding round, the startup had stated that the raised funds would be used to scale Bhanzu’s live classes in multiple geographies, including the US, Canada, the UK, and the Middle East, and accelerate hiring across its tech and product teams.

As per the sources, the math-focused edtech platform has grown at a rapid speed in the past three quarters, especially in overseas markets, including the U.S. and the Middle East region.

Need legal assistance for your startup? Just contact us.

Follow us and connect with us on Instagram, Facebook, Twitter and LinkedIn.