Delhi-Based Edtech Startup Eupheus Learning Raises $10 Mn, Plans Global Expansion

Delhi-Based Edtech Startup Eupheus Learning Raises $10 Mn, Plans Global Expansion

SUMMARY

Eupheus Founder Sarvesh Shrivastava told Inc42 that the funding will be used to expand the presence of the startup in India, the Middle East and South-East Asia including Bangladesh, Sri Lanka and other neighbouring countries

The Indian edtech market is poised to touch $10.2 Bn by 2025 where K12 learning solutions are expected to account for 41% of the total market

The startup last raised $4.1 Mn in Series B round led by United Education Company (UEC) and AI Rayan Holding Company (ARHC), enabling it to expand its offerings to the Middle-East

Delhi-based B2B Edtech startup Eupheus Learning has raised $10 Mn in a Series C round from Lightrock India. The company’s cofounder Sarvesh Shrivastava told Inc42 that the funding will be used to expand the presence of the startup in India, the Middle East and South-East Asia including Bangladesh, Sri Lanka and other neighbouring countries.

The funds will help expand its B2C product portfolio that Eupheus launched last year introducing home-learning solutions, he added. Talking about expansion in terms of the user base, Shrivastava informed that Eupheus aims to reach 10 Mn+ K12 students by 2024. Eupheus currently has partnerships with 5,500 schools in India and the Middle East and reaches over 4.5 Mn students.

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