Indian education technology company Uolo has secured $7 million (approximately ₹63 crore) in a pre-Series B funding round, signalling sustained investor interest in edtech despite broader macroeconomic pressure on the sector, according to multiple industry reports.
The funding round was led by Australian edtech investor Five Sigma, with participation from existing backers including Blume Ventures, Morphosis Venture Capital and Alicorn, the startup said in a statement.
Founded in 2020 by Pallav Pandey and Ankur Pandey, the Gurugram-based Uolo operates a school-focused digital learning platform that integrates classroom curriculum support, communication and assessment tools with AI-powered home learning companions. The company partners with thousands of private schools and serves more than 1.1 million paying students across India, according to filings and media accounts.
Uolo executives said the fresh capital will be deployed to expand its network of partner schools, strengthen generative artificial-intelligence-based learning products, and enhance technology infrastructure as the startup scales adoption across India’s diverse education ecosystem.
In a statement, Uolo highlighted that the investment comes nearly three years after its $22.5 million Series A round led by Winter Capital in 2022, reflecting continued confidence in the company’s school-centric model.
Investor sentiment toward edtech has faced challenges in recent years due to valuation corrections and slower funding activity, yet Uolo’s round underscores ongoing capital flows into targeted B2B2C segments of the Indian edtech market.
The company competes in a crowded Indian education landscape that includes established players such as Vedantu and Unacademy, which have also experienced evolving funding dynamics amid shifting growth priorities.
The investment round is expected to support Uolo’s push to deepen adoption in both urban and regional markets as demand for integrated digital learning solutions continues to evolve.
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