B2B Edtech Eupheus Learning raises $10M in Series C funding from Lightrock India

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Eupheus Learning, a Delhi-based leading B2B edtech company, has raised $10 million in Series C funding from Lightrock India, a global private equity platform. Through the fundraising, Eupheus Learning will scale faster,expand geographical reach, pursue acquisitions and expand its product portfolio.

Being an Indian school-focused distribution platform , Eupheus Learning has classroom-first curriculum focused approach. With the introduction of the National Education Policy 2020, the startup says there has been improved adoption and demand from schools for new-age solutions.

With its large catalogue of curricular and supplemental offering, the company works with more than 5,500 schools in India and the Middle East.

Sarvesh Shrivastava, Co-founder and Managing Director, Eupheus Learning said, ” 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.”

“We also intend to go beyond the current focus on the premium schools into the affordable segment. We are exploring acquisitions in the content and technology space. We are also stepping up home learning solutions which will be promoted through schools,” Shrivastava added.

Founded by Sarvesh Shrivastava, Ved Prakash Khatri, and Amit Kapoor in June 2017, Eupheus Learning has partnerships with 5,500 schools and reaches 4 million students. It has recently launched 2 mega competitions – “National Coding Competition – Code2Win” and “Olympiad through ISFO,” which will have a combined total registration of close to 1 million students in India.

“The unprecedented disruption of a classroom due to pandemic driven digitalization presents a rare opportunity for schools to opt for hybrid learning models and improve learning outcomes for students,” said Divya Venkatavaraghavan from Lightrock.

Sixth Sense Ventures was the first institutional investor which funded the startup through its second fund Sixth Sense India Opportunities II. It has a significant minority stake in the company. The startup has also received funding from Yuj Kutumb, backed by the family office of Sid Yog who is founding partner of the Xander Group Inc.

Earlier this year, the company raised $4.1 million in Series B funding led by Kuwait-based United Education Company (UEC) and Al Rayan Holding Company for domestic and international expansion.



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