Bhanzu, an Indian edtech startup, has raised $2 million in a seed funding round led by Lightspeed. Angel investors and Indian startup founders took part in the round, including Uni Cards CEO Nitin Gupta, Cred founder Kunal Shah, former Helion Managing Director Ashish Gupta, and Unacademy founder Gaurav Munjal among others.
According to the statement, the funds will be used to expand Bhanzu’s live classes across multiple geographies, including the United States, Canada, the United Kingdom, and the Middle East, and accelerate hiring across its tech and product teams. The company claims to have clocked over a million teaching hours across a student base of over 30,000 since its inception.
They’re thrilled to be working with Bhanzu on his mission to transform maths education. They have been inspired by his journey from math enthusiast to educator to an entrepreneur. They are proud supporters of his vision to rethink how kids worldwide learn math, said Shuvi Srivastava, Vice President of Lightspeed.
In India, Lightspeed has invested in edtech giant Byju’s, skill-based course provider Frontrow, and learning management system Teachmint.
Lead School, the sixth Indian edtech unicorn, raised $100 million in a new round led by GSV Ventures and WestBridge Capital earlier this year, valuing it at $1.1 billion.
Since 2004, Lightspeed India Partners has made direct and cross-border investments in Indian companies, with offices in New Delhi, Bengaluru, and Singapore. They back early-stage startups in India and Southeast Asia, including technology and technology-enabled businesses that cater to consumers, small businesses, and enterprises.
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