Ulipsu, an edtech startup has raised $3.2 million in a pre-Series A investment round that was extended and valued at $50 million. This brings the platform’s round of investment to a close with total funding of $5.7 Mn.
Existing investors as well as high-net-worth individuals (HNIs) from Canada and the Middle East participated in the round. The business further asserts that its seed investors participated in a secondary sale of $225K.
Ulipsu will use the funds to boost its domestic operations and broaden its reach internationally. By expanding its product line and introducing new ones, the firm will use the financing to fuel expansion. To promote growth in the upcoming year, a portion of the cash will also be used to increase hiring.
“Ulipsu offers curricula and material of international standards for more than 15 skills, along with examinations, projects, and skill reports. Schools are valuing Ulipsu greatly since NEP promotes the value of skill development, and we see a huge market opportunity both in India and beyond, according to Sumanth Prabhu, Co-Founder and CEO, Ulipsu.
Srajan Shetty who is an investor shared his reaction and said that “Ulipsu’s planned product development, healthy tractions, strong unit economics, and the likelihood that it will become one of the major players in the K-12 space in the next 2-3 years have enabled the brand to raise a new round of investments this season.”
Ulipsu, an educational technology company founded in 2022 by Prabhu and Nikhil Bhaskar, provides organised skill-based learning programmes for kids between the ages of 6 and 16. Additionally, it offers schools a plug-and-play learning infrastructure that enables them to integrate a variety of courses into their curricula, including those in entrepreneurship, finance, AI, and communication.
