New Delhi-based edtech startup Eupheus Learning Thursday announced that it has raised $4.3 million in its Series A funding round through a mix of equity and venture debt.
Yuj Ventures, an early-stage investment platform backed by the family office of Sid Yog, founding Partner of the global investment firm, The Xander Group Inc, led the round. Existing investor Sixth Sense Ventures also participated in the round, per a company statement.
Eupheus will use the new capital to increase nationwide presence, develop new product offerings, and expand the team. With this fundraise, the startup will also commence operations in the Middle East and drive international expansion in other markets, it said.
Founded in 2017 by Sarvesh Shrivastava, Ved Prakash Khatri, and Amit Kapoor, Eupheus seeks to close the gap between classroom and home learning through carefully curated, technology-led, subscription-based learning solutions to schools. Operating across the Pre-K to Class XII segments, Eupheus offers products in all subject areas and packages both the curriculum, and homework tracking tools in physical form.
Eupheus recorded a revenue of Rs 60 crore in FY19, and claims to be the only company in the edtech space to turn profitable within 21 months of operations.
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