Back News / Sixth sense Ventures makes undisclosed investment in edutech firm Eupheus Learning
Sixth sense Ventures makes undisclosed investment in edutech firm Eupheus LearningOctober 28, 2018
Early stage consumer focussed venture capital fund Sixth Sense Ventures has made an undisclosed investment in edutech firm Eupheus Learning. Sixth Sense Ventures had first invested in the firm in March this year.
With this, the total investment by the fund in Eupheus is pegged at between Rs 15-18 crore with Sixth Sense now owning 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 – a curriculum based content platform was founded in May 2017 and was the first investment from Sixth Sense’s second fund made earlier this year.
Eupheus Learning attempts to bridge the gap between in-school and at-home learning by providing end-to-end education solutions to students through its portfolio of curriculum solutions, reference books and at-home digital solutions. It offers pedagogically differentiated, technology-driven solutions in the K-12 space.
Eupheus has partnered with publishers and edu tech firms to provide differentiated solutions across over 1500 ICSE and CBSE board schools in India including Narayana Group of Educational Institutions, GD Goenka Group, and Delhi Public School Society amongst others.
“Eupheus is amongst the most sticky edu-tech platforms for customers since the content is part of the existing curriculum. They’ve also signed up to bring high quality global programs to Indian schools such as an exclusive partnership with TOEFL to be made available across grades and boards,” said Nikhil Vora, Founder and CEO of Sixth Sense Ventures.
Eupheus’ monetisation model is typically two-fold, charging the schools for its program or a model that involves monetisation through retail distribution.
The firm ended FY18 with Rs 22 crore in revenues and is on track to end FY19 at over Rs 75 crore in revenues.
EupheusLearning which counts the NCR-Delhi belt as one its hottest markets in India, is also looking to expand its program reach to over 4000 schools across the country by March next year.