Uolo has raised $7 million (around ₹63 crore) in a funding round led by Australian venture capital firm Five Sigma, with participation from existing investors Blume Ventures, Morphosis and Alicorn.
The fresh capital will be used to expand Uolo’s partner school network and strengthen its generative artificial intelligence capabilities. The company also plans to enhance its learning and school management platforms, with a focus on building AI-driven learning companions aligned closely with classroom instruction.
Uolo was founded in 2013 by Pallav Pandey, Ankur Pandey and Badrish Agarwal as a school communication platform. In 2020, the business was acquired by Uolo Edtech, after which Pallav Pandey assumed the role of co-founder and chief executive officer and repositioned the company around a school-integrated learning model.
In its current form, Uolo partners with private K–12 schools to offer textbooks in subjects including English, mathematics, computer science and general knowledge, alongside a home-practice application for students. The startup operates on a B2B2C model, providing schools with a free enterprise resource planning (ERP) platform while monetising through paid learning programmes for students.
Uolo claims to work with more than 2,500 schools across India and has over 1.1 million paying students on its platform.
Prior to this funding round, the company raised $22.5 million in a Series A round led by Winter Capital in 2022, following a seed round in November 2020. Overall, Uolo has raised more than $41 million to date.
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