Edtech platform BlueLearn has announced that they have raised Rs 3.25 crore ($450,000) in a pre-seed funding led by Lightspeed, Titan Capital and 2am VC. This investment is in addition to the first round which was led by 100X.VC.
Commenting on their investment, Ninad Karpe, Partner, 100X.VC said,“We at 100X.VC are elated to see our portfolio companies growing and making an impact in the industry and the entire ecosystem. Bluelearn’s concept is unconventional and that’s what interested us the most. We are confident that BlueLearn will scale rapidly in the coming future”.
BlueLearn was founded earlier this year by Harish Uthayakumar and Shreyans Sancheti who are currently in their final year of electrical engineering at BITS Pilani. The duo’s entrepreneurial style caught the eyes of angel investors such as Rahul Mathur, Gaurav Mandlecha, and Surabhi Randev, who also participated in the funding round.
“We started building the BlueLearn community in August 2020. In our conversations with them, we realised there was a huge gap in the industry exposure and opportunities students in tier-2/3 colleges received. Through BlueLearn, we want to democratise access to knowledge and bring back the ‘human’ element in the age of virtual learning”, shared Harish Uthayakumar, Co-founder, BlueLearn.
The community driven edtech startup plans to use the raised funds to build their core team, hire new talent, and further develop their product to cater to their growing community of users which includes students and professionals alike..
Vaibhav Agrawal, Partner, Lightspeed said, “There is a gaping need for clutter breaking new experiences in higher education — while the world has moved to social communities, byte sized content, and hyper specific skills, our education systems are still stuck in classrooms (now zoom-rooms!), static curriculum and rote learning of the 1900s industrial era. Lightspeed is excited to work with the imaginative, creative founding team of BlueLearn that sees this gap clearly and wants to create a big dent in this space”.
Currently, the BlueLearn community is organically growing to 42,000 members with 20,000 MAUs from 14 countries across the globe including India, USA, UK, Singapore and others. With a team of 13 members spread across India, BlueLearn is gearing up to advance their horizons and unlock the next phase of growth.