B2B Edtech Startup Eupheus Learning raises $10 million led by Lightrock India
The funds will be used to help the Delhi-based firm scale faster, expand geographically, pursue acquisitions, and extend its product line.
Eupheus Learning is a school-focused distribution platform that prioritises classroom-based learning.
According to the company, schools' adoption and demand for new-age solutions has improved with the establishment of the National Education Policy (NEP) 2020. Eupheus Learning has a huge library of curricular and supplemental programmes and works with over 5,500 schools in India and middle east.
“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," said Sarvesh Shrivastava, co-founder and managing director, Eupheus Learning.
“The pandemic has only amplified our thesis that schools continue to remain core to advancing children’s lives through education. The unprecedented disruption of a classroom due to pandemic driven digitalisation presents a rare opportunity for schools to adopt hybrid learning models and improve learning outcomes for students. As schools engage in this complex systemic endeavour,
Eupheus - with its “curriculum-focused" and “classroom-first" approach - is best-placed to help them unlock their potential for transformation as the trusted partner," said Divya Venkatavaraghavan, principal, Lightrock.
Sixth Sense Ventures, through its second fund, Sixth Sense India Opportunities II, was the first institutional investor in Eupheus. It owns a large portion of the corporation.
Yuj Kutumb, funded by the family office of Sid Yog, founder of The Xander Group Inc., has also invested in Eupheus.
It raised $4.1 million in Series B funding earlier this year for domestic and international expansion, backed by Kuwait-based United Education Company (UEC) and Al Rayan Holding Company.