Bhanzu, an ed-tech firm, has raised $2 million in funding from Lightspeed Venture Partners and others
- ByStartupStory | February 25, 2022
Bhanzu, an Indian edtech firm, has secured $2 million in a seed fundraising round headed by Lightspeed, according to a statement released on Thursday.
Angel investors and Indian startup entrepreneurs took part in the round, including Uni CEO Nitin Gupta, Cred founder Kunal Shah, former Helion managing director Ashish Gupta, and Unacademy founder Gaurav Munjal, among others.
According to the release, the money will be used to expand Bhanzu’s live lessons across various countries, including the United States, Canada, the United Kingdom, and the Middle East, as well as expedite recruiting across its tech and product teams.
Bhanzu, which was founded in 2020, provides a math learning curriculum.
The organization claims to have clocked over a million teaching hours over a student base of over 30,000 since its launch.
In India, Lightspeed has invested in edtech powerhouse Byju’s, skill-based course provider Frontrow, and learning management system Teachmint.
Lead School, the sixth Indian edtech unicorn, raised $100 million in a new round led by GSV Ventures and WestBridge Capital earlier this year, valuing it at $1.1 billion.
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