Alpha Wave leads $2.5 million seed round in India’s Udayy

We show you our most important and recent visitors news details Alpha Wave leads $2.5 million seed round in India’s Udayy in the following article

Hind Al Soulia - Riyadh - Alpha Wave leads $2.5 million seed round in India’s Udayy

News • 19 January, 2021

Edit

Source: YourStory

Udayy, the Gurugram-based edtech startup, has raised $2.5 million in a seed round led by Alpha Wave Incubation (AWI), managed by Falcon Edge Capital, and InfoEdge Ventures. The funding round also saw participation from Better Capital, Kunal Shah, and other angels.

The edtech startup will use the fund for its next phase of growth, which will include curriculum development, product suite expansion, and hiring.

Udayy, founded by Saumya Yadav, Mahak Garg, and Karan Varshney – alumni of IIT Delhi and Stanford University — raised its first round of angel funding in June 2019.

According to the edtech startup, it facilitates the development of Mathematical thinking and confident speaking in children by engaging them in an interactive, small classroom with three-five children. Recently, it also launched a free app providing daily worksheets for children. The startup claimed that its business model has solved for high contribution margins and upwards of 97 percent retention.

Speaking on the investment, Udayy Co-founder and CEO Saumya Yadav, said, "Primary grades are formative years of education for children. An outdated education system is failing Indian parents and children.

Udayy is making learning fun and engaging for children by bringing ‘learning by doing’ methodology through games, role plays, and activities to our classrooms.” The edtech startup claims its USP lies in the flipped classroom methodology, where the student drives his or her own learning pedagogy, customised to the student’s individual capability. Also, Udayy believes it is catering to the untapped segment of the younger age group.

Anirudh Singh, Managing Director, Alpha Wave Incubation, said, “After-school education in the younger age group segment is an untapped market in India. Udayy is on track to disrupt the space through its experiential learning model, which uses technology-driven gamification as a key driver of learning outcomes."

It runs over 400 classrooms daily for children from 45 locations across India.

 

These were the details of the news Alpha Wave leads $2.5 million seed round in India’s Udayy for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Wamda and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Dubai Police make child's dream come true
NEXT Dubai to launch 15th autism awareness drive tomorrow