Al Rayan Holding Company invests in India's Eupheus Learning
Source: Digital Learning
Eupheus Learning, a Delhi-based educational technology start-up, said on Monday that it had raised $ 4.1 million in the Series B funding round sponsored by United Education Company (UEC) and Al Rayan Holding Company (ARHC), based in Kuwait, UEC has a majority stake. According to an official statement, the B2B startup will use the new capital for its organic expansion in national markets, especially for home learning solutions, to achieve deep customer acquisition through its school ecosystem.
“International expansion will be a priority from the Middle East to other markets such as Sri Lanka and Bangladesh. The company will also seek inorganic growth opportunities in the electronics technology segment through acquisitions,” he said.
During the second half of 2020, Eupheus launched its first home learning solution, Learn2Code, a gamified coding solution in collaboration with leading Canadian coding company RoboGarden. It claims to have accepted more than 700 schools and 180,000 students into the initiative in five months.
Edtech startup Eupheus Learning is raising $ 4.3 million in Series A led by Yuj Ventures. The various Eupheus solutions were founded in June 2017 by Sarvesh Shrivastava, Ved Prakash Khatri and Amit Kapoor. Eupheus founder Sarvesh Shrivastava said: “Eupheus has built a strong presence in the B2B educational technology space in India, and we look to the future to expand our geographic footprint, increase our engagement with schools and provide more learning solutions innovators to our target markets."
