Udayy Raises $2.5M from Alpha Wave Incubation & Info Edge Ventures
Gurugram based edtech startup Udayy has raised $2.5 million seed funding led by Alpha Wave Incubation (AWI), managed by Falcon Edge Capital, and InfoEdge Ventures. This round also saw participation from Better Capital, Kunal Shah and other angels.
Having raised its first round of angel funding in 2019, Udayy intends to utilize the fresh capital to power its next phase of growth which will include curriculum development, product suite expansion, and hiring across the product, curriculum and engineering teams.
Founded in 2019 by IIT Delhi and Stanford University alumni Saumya Yadav, Mahak Garg, and Karan Varshney, Udayy is a live learning platform for children in the age group of 6-11 (in Grades 1 to 5). Through its online platform, the company teaches Math & English and facilitates the development of mathematical thinking & confident speaking in children by engaging them in an interactive, small classroom with 3-5 children.
In a press statement shared by the company, Saumya Yadav, Co-founder & CEO, Udayy, said, “Primary grades are formative years of education for children. An outdated education system is failing Indian parents and children. Udayy is making learning fun and engaging for children by bringing ‘learning by doing’ methodology through games, roleplays, and activities to our classrooms. We are thrilled to partner with AWI, Info Edge Ventures and our other investors to bring our mission to life.”
The company currently has students from across 45 Indian cities and runs over 400 classrooms every day. Udayy recently also launched a free app providing daily worksheets for children.
Much of Udayy’s differentiation is attributed to its first-principles business building that entails the flipped classroom methodology, where the student drives her own learning pedagogy, which is customized to the student’s individual capability.
In a statement Udayy emphasized that India’s edtech industry primarily caters towards older students and the startup intends to focus on the younger age group.
Speaking about the investment Anirudh Singh, Managing Director, Alpha Wave Incubation, said, “After-school education in the younger age group segment is an untapped market in India. Udayy is on track to disrupt the space through its experiential learning model, which uses technology driven gamification as a key driver of learning outcomes. The team has shown deep market understanding and ability to iterate quickly, and we are excited to be the first institutional investors in the company.”
Having raised its first round of angel funding in 2019, Udayy intends to utilize the fresh capital to power its next phase of growth which will include curriculum development, product suite expansion, and hiring across the product, curriculum and engineering teams.
Founded in 2019 by IIT Delhi and Stanford University alumni Saumya Yadav, Mahak Garg, and Karan Varshney, Udayy is a live learning platform for children in the age group of 6-11 (in Grades 1 to 5). Through its online platform, the company teaches Math & English and facilitates the development of mathematical thinking & confident speaking in children by engaging them in an interactive, small classroom with 3-5 children.
In a press statement shared by the company, Saumya Yadav, Co-founder & CEO, Udayy, said, “Primary grades are formative years of education for children. An outdated education system is failing Indian parents and children. Udayy is making learning fun and engaging for children by bringing ‘learning by doing’ methodology through games, roleplays, and activities to our classrooms. We are thrilled to partner with AWI, Info Edge Ventures and our other investors to bring our mission to life.”
The company currently has students from across 45 Indian cities and runs over 400 classrooms every day. Udayy recently also launched a free app providing daily worksheets for children.
Much of Udayy’s differentiation is attributed to its first-principles business building that entails the flipped classroom methodology, where the student drives her own learning pedagogy, which is customized to the student’s individual capability.
In a statement Udayy emphasized that India’s edtech industry primarily caters towards older students and the startup intends to focus on the younger age group.
Speaking about the investment Anirudh Singh, Managing Director, Alpha Wave Incubation, said, “After-school education in the younger age group segment is an untapped market in India. Udayy is on track to disrupt the space through its experiential learning model, which uses technology driven gamification as a key driver of learning outcomes. The team has shown deep market understanding and ability to iterate quickly, and we are excited to be the first institutional investors in the company.”
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