Kuwait’s UEC leads $4.1 million Series B round in India-based Eupheus
Source: Times of India
Eupheus Learning, a Delhi based leading B2B edtech company has raised $4.1 million in Series B funding round led by United Education Company (UEC); Kuwait’s leading company in the education sector and Al Rayan Holding Company (ARHC) in which UEC holds a majority stake.
Eupheus will use the new capital for organic expansion in domestic markets largely in home learning solutions leveraging on creating depth in customer acquisition through its school ecosystem.
International expansion will be a focus area starting with the Middle East and foraying into other markets like Sri Lanka and Bangladesh. The company will also pursue inorganic growth opportunities through acquisitions.
“We see a huge opportunity in utilising their offerings to improve learning outcomes across our network of schools in the Middle East,” said Shaikha Dana Nasser Al-Sabah, chairperson, UEC.
With the mission to be the leading partner for schools to impart 21st-century skills to students, Eupheus Learning was founded in June 2017 by Sarvesh Shrivastava, Ved Prakash Khatri, and Amit Kapoor. Eupheus’s solutions range across multiple pedagogies from core curriculum subjects to supplemental learning to at-home solutions, driven by exclusive partnerships with international players like ETS, Sanako, World Book and Fiction Express.
“We are proud to be one of the few profitable companies in the EdTech space in India. We are excited to partner with UEC and ARHC to roll out our solutions across the Middle East and become the leading EdTech platform in the region,” said Sarvesh Shrivastava, founder of Eupheus.