Upskilling Platform Bluelearn Raises $3.5 Million In Seed Funding
Bluelearn, a Bengaluru-based upskilling platform, has raised seed funding of $3.5 million (Rs 28.9 crore), co-led by Elevation Capital and Lightspeed.
Titan Capital, 2am VC, with angel investors Vidit Aatrey and Sanjeev Barnwal (Meesho) and Awais Ahmed (Pixxel), among others, also participated in the funding round.
As per the startup, the freshly raised capital will be used for product development, hiring and ramping up its user base.
BlueLearn | Upskilling Platform
Founded by Shreyans Sancheti and Harish Uthayakumar in 2021, Bluelearn helps its members learn new skills, grow their network with like-minded peers and get exposure from industry experts.
The Bengaluru-based upskilling platform initially started as a telegram channel for students to help each other with common questions. Subsequently, with the launch of its application, Bluelearn claims to have 150,000 members from over 5,500 colleges and startups across geographies and is growing 30% month on month (MoM) organically.
Speaking about the development, Shreyans Sancheti, Co-founder of Bluelearn, said,
“With the new capital we plan on accelerating our market expansion and strengthening our core tech and product teams.”
Earlier, the Bengaluru-based upskilling platform had raised $450,000 in pre-seed funding led by Lightspeed with participation from 100X.VC, Titan Capital, 2am VC and others.
Commenting on the development, Amit Aggarwal, principal at Elevation Capital, said,
“Bluelearn is building both a social network and a learning destination by bringing together communities of young learners, anchored around shared interest areas.”
Earlier in January, Skillphul Business Toys Pvt Ltd, which runs upskilling platform Moat School, raised undisclosed capital from online travel agency MakeMyTrip’s director at product management Anurag Verma. Yesterday, Cusmat, a virtual reality-based skilling platform, raised Series A funding of $3.5 million (around Rs 28.9 crore)for research & development, geographical expansion and scaling up its enterprise sales.
Coming back to the development, Elevation Capital co-led this round. The firm provides seed and early-stage capital and invests across sectors like consumer internet, software-as-a-service (SaaS), fintech, edtech, healthtech and Web3/Crypto.
In April 2022, it announced its eighth India-dedicated fund of $670 million. Some of its recent investments include enterprise-class OKR platform Profit.co, SarvaGram and SolarSquare.
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