Edtech startup Eupheus Learning raises funds from Sixth Sense Ventures

Must Read

Jharkhand polls for 81 constituencies from November 30 to December 20; counting on 23rd December

Addressing a press meeting today, Chief Election Commissioner Sunil Arora has announced the poll dates for Jharkhand Legislative assembly....

Congress forms six-member committee of AICC to review situation of NRC in Assam

In a bid to review the condition of Assam state after the implementation of the NRC exercise, Congress party...

Shiv Sena elects Eknath Shinde as party’s legislative leader; Sunil Prabhu appointed as chief whip of party

In a striking breakthrough, Shiv Sena elected senior minister Eknath Shinde as the party's legislative leader today. It has...

New Delhi-based edtech startup Eupheus Learning has raised an undisclosed amount of funds from Mumbai-based consumer-centric venture fund Sixth Sense Ventures. Earlier this year in March, Sixth Sense Ventures had first invested in the edtech startup.

With the latest investment, the total investment by the fund in Eupheus is now pegged at around ₹15-18 crore, with a sake of around 44%, according to the Economic Times.

Eupheus Learning was founded by Sarvesh Shrivastava, Rohit Dar, Ved Prakash Khatri, and Amit Kapoor in 2017. The startup aims to bridge the gap between in-class and at-home learning by offering pedagogically differentiated, technology-led solutions in the K-12 space.

The startup has partnered with publishers and edutech firms to provide differentiated solutions across over 1500 ICSE and CBSE board schools in India including Narayana Group of Educational Institutions, GD Goenka Group, and Delhi Public School Society amongst others.

“Eupheus is amongst the most sticky edutech platforms for customers since the content is part of the existing curriculum. They’ve also signed up to bring high-quality global programs to Indian schools such as an exclusive partnership with TOEFL to be made available across grades and boards,” said Nikhil Vora, Founder and CEO of Sixth Sense Ventures.

The edtech startup generated ₹22 crore in revenue, during FY18, and is looking to target ₹75 crore in FY19. It further aims to expand its program to more than 4,000 schools across the country.

According to an IBEF report, the education industry in India is set to offer tremendous opportunities for growth as it is expected to reach $101 billion by 2019.

India is already the second largest e-learning market in the world, behind only the US, and it continues to grow as more students leverage the internet, and edtech startups enter the sector to strengthen India’s e-learning ecosystem.

Other edtech startups competing with Eupheus include Byju’s, Unacademy, Vedantu, Toppr, and Meritnation, among others.

Earlier this month, Unacademy acquired an online exam preparation startup wifistudy and another edtech startup GuruQ raised ₹2.5 crore in pre-series A funding.

Here is a comprehensive list of top edtech startup in India.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Settlement of Naga insurgency vital: Nagaland CM

Kohima, Nov 14 (IANS) Nagaland Chief Minister Neiphiu Rio on Thursday said that the settlement of the vexed Naga...

Shami, Umesh & Ishant bowling well as a pack: Ashwin (Lead)

Indore, Nov 14 (IANS) It was a dicey toss to win for Bangladesh skipper Mominul Haque in the first Test against India on Thursday,...

Don’t politicise national security matters, Rajnath to Oppn

New Delhi, Nov 14 (IANS) Defence Minister Rajnath Singh on Thursday said that the Supreme Court verdict on the review petitions over Rafale procurement...

Private investment in higher education needs to grow: JGU VC

Mumbai, Nov 14 (IANS) India will significantly lag behind other nations like China and South Korea if financial investment in higher education is not...

We lacked mental strength against best Test team: Mominul

Indore, Nov 14 (IANS) More than lack of practice, mental strength was a problem for Bangladesh, feels skipper Mominul Haque after they were flattened...
- Advertisement -

More Articles Like This