Edtech Startup ‘Eupheus Learning’ Raises $4.1 Million In Series B Funding Round
Eupheus Learning, an edtech startup, has raised $4.1 million in a Series B funding round.
The funding round was led by Kuwait-based United Education Company (UEC) and Al Rayan Holding Company (ARHC) in which UEC holds a majority stake.
As per the startup, it will use the fresh funds to fuel its expansion, focusing on home learning solutions, leveraging customer acquisition through its school ecosystem.
Eupheus Learning will focus on international expansion starting with West Asia and entering Sri Lanka and Bangladesh. Not only that, but Eupheus Learning will also pursue inorganic growth opportunities through acquisitions.[Read: Indian Edtech Industry Is Estimated To Reach $12 Billion By 2025]
Founded in June 2017 by Ved Prakash Khatri, Sarvesh Shrivastava, and Amit Kapoor, Eupheus Learning offers pedagogically differentiated technology-driven solutions that lead to critical thinking and achievement of higher learning outcomes by seamlessly integrating in-class and at-home learning in the private school segment of the Pre-K to 12 market.
The edtech startup sells curriculum and homework tracking services on a subscription model to schools.
Talking about the plans, Sarvesh Shrivastava, founder of Eupheus, said,
“Eupheus has established a strong presence in the B2B edtech space in India and we look forward to expanding our geographical presence, increasing our engagement with schools, and bringing more innovative learning solutions to our target markets.”
Eupheus Learning claims it turned profitable within 21 months of its operations and posted Rs72 crore in revenue in 2019-20.
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