Eupheus Learning raises USD 4.1 million in series B round led by UEC, Al Rayan Holding Company
Mumbai, Feb 15 (FN Agency) 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). In ARHC, UEC holds a majority stake, offering different curriculum to cater to the Kuwait’s markets diverse demographic composition. Eupheus is the largest outreach platform for schoolswith an ecosystem of 13,000 schools, driving partnerships with 5000 schools covering4Million students. It is the only company in the Ed-tech space to turn profitable within 21 months of its operations with revenues of INR 72 Crores in FY 19-20. Eupheus has a pan India presence across 80 cities with a strong team of 175 personnel. With the mission to be the leading partner for schools to impart 21st-century skills to students, Eupheus Learning was founded in June 2017 by Sarvesh Shrivastava, Ved Prakash Khatri, and Amit Kapoor.
Eupheus’ diverse solutions range across multiple pedagogies from core curriculum subjects to supplemental learning to at-home solutions, driven by exclusive partnerships with international players like ETS, Sanako, World Book, Fiction Express, etc. Eupheus 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 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 thru acquisitions. Shaikha Dana Nasser Al-Sabah, Chairperson – UEC, said, ‘We are excited to partner with Eupheus Team as they continue their journey in fast-growing EdTech market with their innovative and differentiated offerings. We see a huge opportunity in utilising 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.’
The company targets reaching 10 million kids in India through its curriculum and specially curated educational offerings in Kinesthetic learning, Reading enhancement, STEM/STEAM, and English language learning via exclusive tie-ups with award-winning EdTech companies from across the world. Eupheus Learning was recognised by Economic Times as a ‘Promising Brand – 2019’ and was certified as a ‘Great Place to Work’ for the year 2020-21. Speaking on the investment, 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.