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Delhi-based B2B learning platform Eupheus Learning has raised $4.1 in series B round funding led by United Education Company (UEC); Kuwait’s leading company in the Education sector, and Al Rayan Holding Company (ARHC).
The company in its statement said, “It will use the new capital for organic expansion in domestic markets largely in Home learning solutions leveraging on creating depth in customer acquisition through its school ecosystem. International expansion will be a focus area starting with the Middle East and foraying into other markets like Sri Lanka and Bangladesh.”
“The company will also be pursuing inorganic growth opportunities in the EdTech segment through acquisitions,” the statement added.
Commenting on the investment, Shaikha Dana Nasser Al-Sabah, Chairperson of UEC, said, “We are excited to partner with Eupheus Team as they continue their journey in the fast-growing EdTech market with their innovative and differentiated offerings. We see a huge opportunity in utilizing their offerings to improve learning outcomes across our network of schools in the Middle East.”
“There is a lack of a School focused Distribution platform and in a short span Eupheus has established itself as the first choice for EdTech companies to partner with and reach out to a large network of schools. We feel that the omnichannel approach of Eupheus is the way forward to build a scalable profitable model in the EdTech space,” Al-Sabah added.
Speaking on the fundraise, Sarvesh Shrivastava, Founder of Eupheus said, “We are proud to be one of the few profitable companies in the EdTech space in India. We are excited to partner with UEC and ARHC to roll out our solutions across the Middle East and becoming the leading EdTech platform in the region. Eupheus has established a strong presence in the B2B EdTech space in India and we look forward to expanding our geographical presence, increasing our engagement with schools, and bringing more innovative learning solutions to our target markets.”
“We have been focused on imparting 21st Century Skills in alignment with the existing curricular requirements – the approach has been well appreciated by our partner schools and has tremendous opportunity to expand across an ecosystem of 30000 schools in India,” he added.