Early stage consumer-focused venture capital fund Sixth Sense Ventures has reportedly invested an amount that has not been revealed in edutech firm Eupheus Learning.
With this, the total investment by the fund in Eupheus is estimated at between Rs 15-18 crore. Sixth Sense now owns about 44% in the edu-tech firm, making it one of the largest stake ownership deals for the venture capital firm so far.
Eupheus Learning is a curriculum based content platform. It was founded in May 2017 and was the first investment from Sixth Sense’s second fund made earlier this year. The platform aims to bridge the gap between in-school and at-home learning by providing end-to-end education solutions to students.
The company has collaborated with publishers and edu-tech firms to provide differentiated solutions across over 1500 ICSE and CBSE board schools in India which counts Narayana Group of Educational Institutions, GD Goenka Group, and Delhi Public School Society amongst others.
Talking about the revenue details, the company ended FY18 with Rs 22 crore in revenues and is on track to end FY19 at over Rs 75 crore in revenues. Eupheus Learning is also looking to expand its program reach to over 4000 schools across the country by March next year.