Ulipsu, a Bengaluru-based edtech startup and multi-skill learning platform, has raised $3.2 million and closed the Pre-Series A round at $5.7 million. The funding round saw participation from existing investors along with HNIs from the Middle East and Canada and witnessed a secondary sale of $225K for the seed investors.
As per the startup, the freshly raised funds will be used to accelerate its growth and operations by expanding its footprint in domestic and global markets and diversifying its product portfolio.
It is also going to acquire new talent to support the growth spurt expected in the coming year.
Ulipsu | Multipotential OTT-like Learning Platform
Co-founded by Sumanth Prabhu and Nikhil Bhaskar in 2017, Ulipsu is an edtech and multi-skill learning platform that offers a plug-and-play learning infrastructure to schools to introduce vital skills like art and craft, language and communication, coding, artificial intelligence, finance and entrepreneurship, and many more to their students.
The Bengaluru-based startup offers structured learning opportunities to children from ages 6 to 16. Its courses also align with the National Education Policy (NEP) of holistic child development and digital learning inclusion.
Speaking about the development, Sumanth Prabhu, Co-founder and CEO of Ulipsu, said,
“…Ulipsu provides global standard content and curriculum for 15+ skills with assessments, projects, and skill reports. With NEP advocating the importance of skill development, schools are finding immense value in Ulipsu, and we see a significant market opportunity both within India and overseas.”
With a team of 150 employees, the startup claims to have a full-scale content creation and production unit in Mysuru. Ulipsu claims to have so far deployed its learning infrastructure in more than 200 schools across the country and offers more than 350 curated courses covering 15 skills.
Now it targets to onboard more than 1,000 schools across the country by the end of this academic year and is eyeing foraying into the Middle East this year.
Commenting on the announcement, investor Srajan Shetty said,
“Ulipsu’s planned product development, healthy tractions, strong unit economics, and the probability of it becoming one of the major players in the K-12 space in the next 2-3 years have enabled the brand to raise a fresh round of investments this season.”
Last year in November, Ulipsu raised $1.5 million in funding led by several angel investors based in the Middle East and the UK. Recently, uFaber, an edtech startup, raised Rs 25 crore in a Series A funding round from Mastermind JPIN Capital Partners and Gray Matters Capital for expanding operations, including increased system capacity, improved technology, and a larger team.
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