Back News / Eupheus Learning raises $4.3 million in Series A funding
Eupheus Learning raises $4.3 million in Series A funding
January 23, 2020New Delhi-based ed-tech company Eupheus Learning has raised $4.3 million in fresh funding led by Sid Yog, founding partner The Xander Group. The Series A investment round also saw participation from existing investor Sixth Sense Ventures, the company said in a statement.
Eupheus sells curriculum and homework tracking services on a subscription model to schools and claims it is profitable with a revenue of Rs 60 crore in FY19. The company said it grew its presence to 70 cities in the first half of the current year apart from partnering with 4 international institutes.
“With this infusion of capital, we have the opportunity to expand our presence across India and into neighbouring nations, and showcase the benefits of our unique offering to an ever-larger audience,” said Sarvesh Shrivastava, Managing Director of Eupheus Learning.
Eupheus said it will use the new capital to grow its presence across the country, develop new products and expand its team. It’s also looking to service schools in West Asia where there’s a strong presence of CBSE curriculum schools.
The company caters to the pre-kindergarten to class XII segment and is looking to bridge the gap of learning at school and at home using technology. Eupheus also forges partnerships with learning content providers while it handles delivery and partnerships with educational institutes.
“We are impressed by the founders’ experience and the manner in which they have scaled Eupheus in a profitable manner in the last two years,” said Madhav Soi of Yuj Ventures.