Bengaluru-based Ulipsu raises an additional $1.5 million in the Pre-Series A Round
- ByStartupStory | November 14, 2022
Bengaluru-based Kidvento Education and Research’s Ulipsu, a multipurpose OTT-like learning platform, recently secured $1.5 million in funding from Middle Eastern and British angel investors.
The initial $1 million USD Pre-Series A round money received in October 2021 was supplemented by this round of investment. With this, 2.5 million USD have been raised for the Pre-Series A round of fundraising.
The first round of funding was used for platform development, content creation, curriculum research, and customer acquisition. Kidvento currently has a workforce of over 100 workers and a yearly revenue of close to $1 million.
Sumanth Prabhu, co-founder and CEO of Ulipsu, expressed his optimism regarding the new round of funding, “The market for education has historically been a hive of experimentation. This is something that our investors are very aware of, and they have a lot of hope for Ulipsu! We will be the biggest skill-learning platform for young minds in the world in two years.”
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