The EdTech platform BlueLearn has raised Rs 3.25 crore ($450,000) in a pre-seed round. It has been led by Lightspeed and has also seen participation from various other investors like Titan Capital and 2am VC. In fact, angel investors such as Rahul Mathur, Gaurav Mandlecha, and Surabhi Randev have also participated.
The fund will be used to build a core team, develop products and hire new talent. The startup plans to use the funds to build its core team, hire new talent, and develop products to cater to its growing community of users.
Harish Uthayakumar, Co-founder, BlueLearn said,“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.”
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 curricula 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,” he added.