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Amid the ongoing struggles of the edtech sector, Bhanzu has raised $16.5 Mn (around INR 139 Cr) in its Series B funding round led by VC firm Epiq Capital. The round also saw participation from Mumbai-based Z3Partners and existing investors Lightspeed Ventures and Eight Roads.
The startup will use the funds for further expanding its presence in the US.
Founded in 2020 by Neelakantha Bhanu, the startup offers a curriculum that helps students increase their proficiency in maths. It claims that the curriculum has been curated with over four years of data collection and research.
Besides India, the startup has presence in the US, the UK, and the Middle East.
“The US maths education market has significant potential, but it is dominated by large, billion-dollar companies that have not innovated their curricula or effectively embraced technology. This gap creates a significant opportunity for Bhanzu to revolutionise maths education in the US,” founder and CEO Bhanu said on the new funding round.
(The story will be updated soon.)
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