Ulipsu, an edtech startup and a multi-skill learning platform, has raised a fresh funding round of USD 3.2 million. With this, the edtech startup has successfully closed the pre-series A Round with a total of USD 5.7 million.
The fresh round was raised at a valuation of USD 50 million. Existing investors along with HNIs from the Middle East and Canada participated in this round. The round also saw a secondary sale of USD 225K for the seed investors.
With the new funds, Ulipsu plans to accelerate its growth and operations by expanding its footprint in domestic and global markets and diversifying its product portfolio with new offerings to meet the evolving requirements of schools and parents.
Ulipsu, owned by Kidvento Education and Research, was launched in 2022. It claims to cater over 200 schools across India. The brand is also gearing up to mark its presence on the global map with Middle East expansions this year.
Headquartered in Bengaluru, Ulipsu offers a plug-and-play learning infrastructure that provides schools with a unique opportunity to introduce vital skills like art and craft, language and communication, coding, artificial intelligence, finance and entrepreneurship, life skills, life sciences, electronics, math, music, yoga, and many more to their students. The company claims that this is a first-of-its-kind solution in the Indian schooling space.
Sumanth Prabhu, Co-founder and CEO of Ulipsu, said, "Ulipsu’s brand proposition, NEP-aligned product offering, and consumer trust have continued to fuel the growth of the company.”
Highlighting the product fit of Ulipsu, Sumanth further added that "Ulipsu is providing global standard content and curriculum for over 15 skills with assessments, projects, and skill reports. With NEP advocating the importance of skill development, schools are finding immense value in Ulipsu, and we see a significant market opportunity both within India and overseas."