Codeyoung Bags $5 Mn To Expand Presence In Overseas Markets

SUMMARY

The Series A funding round was led by Blue Tokai-backer 12 Flags Group and Enzia Ventures

Codeyoung will use the funds to expand presence in its existing international markets, build AI-driven personalisation tools, and introduce new learning categories

Codeyoung offers one-on-one online coaching for 5-17 age groups on subjects like math, English, coding, and science

Edtech startup Codeyoung has secured $5 Mn (INR 44.4 Cr) in its Series A round, led by Blue Tokai-backer 12 Flags Group and Enzia Ventures.

Cofounder Shailendra Dhakad told Inc42 that the round was an equal mix of primary and secondary infusion, with the secondary component providing exit to early investor Guild Capital.

The startup plans to use the fresh capital to expand presence in its existing international markets, especially in the US and Canada. A part of the funds will also be used to build AI-driven personalisation tools and introduce new learning categories.

Founded in 2020 by Dhakad and Rupika Taneja, Codeyoung offers one-on-one online coaching for 5-17 age groups on subjects like math, English, coding, and science.

“Currently, we have around 15,000 students learning from us every week. Overall, around 20,000+ students are active on the platform. In terms of our student distribution, 70% are from North America, which includes the US and Canada, around 25% come from the UK and the remaining 5% are from the rest of the world,” Dhakad said.

The startup has around 1,100 trainers on the platform, who operate as independent contractors, from across continents. They take at least 5-6 sessions a week, the cofounder said.

Meanwhile, Codeyoung’s operations team is based in Bengaluru, comprising 350 employees. The startup’s current annual recurring revenue stands at $15 Mn.

“Currently, Codeyoung is cash flow positive. We generate a revenue of about $1.8 Mn on a monthly basis,” Dhakad said.

The funding comes after a tough few years for the Indian edtech sector, which saw BYJU’S, the most valued startup in the sector, entering insolvency. So far in 2025, edtech platforms such as Leap, CENTA, speakX, among others, have raised capital.

India’s edtech sector’s total addressable market is projected to reach $29 Bn by 2030, clocking a CAGR of 25.87% from 2022 to 2030.

Notably, edtech unicorn PhysicsWallah’s IPO closed yesterday and the company’s shares are expected to list on the stock exchanges on November 18 (Tuesday). Imarticus Learning is also preparing for a public listing and plans to raise around INR 750 Cr in a combination of fresh issue and offer for sale via the IPO.