Edtech Startup Eupheus Learning's Cofounder Steps Down

SUMMARY

In this transition, the co-founders Amit Kapoor and Ved Prakash Khatri, assume new roles as the CEO and COO respectively

Founder Sarvesh Shrivastava will remain associated with the company as a non-executive director on the board

Eupheus Learning is now expanding its presence in the Middle East and South-East Asia, encompassing countries such as Bangladesh, Sri Lanka, and others.

Eupheus Learning’s founder, Sarvesh Shrivastava, has stepped down from his position as the managing director. In this transition, the co-founders and board members, Amit Kapoor and Ved Prakash Khatri, who were earlier the directors at the company will assume new roles as the Chief Executive Officer (CEO) and Chief Operating Officer (COO), respectively.

Following this change, Shrivastava will remain associated with the company as a non-executive director on the board, providing guidance and support.

Founded by Shrivastava, Kapoor and Khatri, Eupheus Learning, a Delhi-based B2B edtech startup, was launched in 2017. It operates as a school-focused distribution platform, providing in-classroom edtech products, including curriculum offerings like textbooks, worksheets, teaching guides, and test papers for K12 students.

The company has secured $18.4 Mn in funding to date, with a $10 Mn investment in 2021, led by Lightrock Capital, and acquired another edtech startup ClassKlap in a $19 Mn all-stock deal the same year. Eupheus Learning is also expanding its presence in the Middle East and South-East Asia, encompassing countries such as Bangladesh, Sri Lanka, and others, as stated by the founders when raising the Series C round.

Eupheus Learning aims to bridge the gap between in-class and at-home learning by offering pedagogically differentiated, technology-led solutions with the goal of reaching 10 Mn students by 2024.

The platform offers curated educational offerings in kinesthetic learning, reading enhancement, STEM/STEAM, and English language learning through exclusive partnerships with education technology companies from around the world. Unique school outreach initiatives, such as storytelling sessions for kids, olympiads, and coding competitions, have set the company apart.

Notably, in 2020, Eupheus Learning launched a gamified coding solution called “Learn2Code” in partnership with the Canadian coding company, RoboGarden. Within five months of its launch, Eupheus had onboarded 700 schools and 1.8 lakh students. The startup boasts more than 9,000 user schools and a team of over 500 individuals as of today.

In the K12 segment, Eupheus Learning competes with prominent edtech companies like BYJU’S, Unacademy, Toppr, and Vedantu. According to Inc42’s latest edtech report for 2023, the Indian edtech market is projected to reach $29 Bn by 2030, with hybrid learning expected to be the most effective channel of edtech consumption, particularly in the K12 sector, which is poised to have the highest market share.