Eupheus Learning lands $4.1 million in funding
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Last Updated: Feb 15, 2021, 12:40 PM IST
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Synopsis
The Delhi-based startup said it will utilise the capital to grow its business organically in India with a focus on supplemental at-home learning solutions.
ETtech
Illustration: Rahul Awasthi
Eupheus Learning, a business-to-business education technology company, has raised $4.1 million in Series B funding led by Kuwait-based United Education Company (UEC), as it looks to expand its presence into the West Asia market.
The round also saw participation of AI Rayan Holding Company in which UEC holds a majority stake.
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February 15, 2021
Sarvesh Shrivastava, Founder, Eupheus×
Eupheus Learning, a Delhi-based B2B edtech firm raised $4.1 million in a Series B funding round.
The round is led by United Education Company (UEC), Kuwait’s leading company in the Education sector and Al Rayan Holding Company (ARHC) in which UEC holds a majority stake; offering different curriculum to cater to Kuwait’s markets diverse demographic composition.
Eupheus has an extensive outreach platform for schools with an ecosystem of 13,000 schools, driving partnerships with 5,000 schools covering 4 million students. It turned profitable within 21 months of its operations with ₹72 crore in FY 19-20. Eupheus has a pan India presence across 80 cities with a team of 175 personnel.
Uniindia: Mumbai, Feb 15 (UNI) Eupheus Learning, a leading B2B EdTech company, has raised USD 4.1 Million in Series B funding round, which is led by United Education Company (UEC); Kuwait s leading company in the Education sector and Al Rayan Holding Company (ARHC).