The round also saw participation from angel investors and founders of Indian startups, including Nitin Gupta, Uni chief executive; Kunal Shah, Cred founder; Ashish Gupta, former Helion managing director; and Gaurav Munjal, Unacademy founder, among others.
The funds will be used to scale Bhanzu’s live classes in multiple geographies including the US, Canada, the UK, and the Middle East, and accelerate hiring across its tech and product teams, the statement said.
Founded in 2020, Bhanzu offers a curriculum for leanring math. “Bhanzu has already helped thousands of students realise their true potential. We are on our pathway to achieve the same at global scale,” said Neelakantha Bhanu, founder and chief executive, Bhanzu.
Since inception, the company has clocked over a million teaching hours across a base of over 30,000 students, the company said.
“We are very excited to partner with Bhanzu in his mission to revolutionise math education. We have been awed by his journey from being a math enthusiast and educator to an entrepreneur and are proud backers of his vision to rethink how kids across the globe learn math,” said Shuvi Srivastava, vice president, Lightspeed.
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Lightspeed’s edtech investments in India also include
edtech giant Byju’s, Frontrow, a skill-based course provider, and learning management system Teachmint.
Earlier this year, Lead School
became the sixth Indian edtech unicorn after it raised $100 million in a fresh round led by GSV Ventures and WestBridge Capital, valuing it at $1.1 billion.
