Hardeep Singh
BlueLearn is another EdTech firm to raise funding
India encourages startup growth by providing low-cost trained labour, capital from national and international investors, and expansion prospects. Fintech and Financial Services enterprises (123), Retail and Ecommerce businesses (99), and EdTech organisations are the top gainers in financing agreements (84).
Start-ups might be tiny enterprises, yet they can affect economic growth significantly. It creates more jobs, creates more jobs, and creates a stronger economy with more employment. Not only that, but it is economic vitality that startups can improve through promoting innovation and competitiveness.
While not all start-ups are in the technology industry, the term gained worldwide traction during the dot-com boom of the late 1990s, when a large number of Internet-based businesses were created.
In a pre-seed investment round headed by lightspeed, Titan Capital, 2 am VC, and angel investors, including Rahul Mathur, Gaurav Mandlecha and Surabhi Randev, BlueLearn, the community-driven ed-tech platform raised Rs 3.25 crore. This is in addition to the original 100X VC round.
In India, where young minds not just have a vision but talents, startups in the education sectors are not just for the sake of making a profit or expanding the business but also for the contribution in the technology and education sector. One such is the latest BlueLearn by students of BITS PILANI.
While the world has changed to social networks, bytes and hyper-specific abilities, our education systems have been caught in classrooms (really zoom-rooms!), inflexible curricula and industrial rot-level learning since the 1900s.
Lightspeed informed that they are pleased to partner with the imaginative, creative team of BlueLearn that acknowledges this need and wants to have a major influence on this field. Harish Uthayakumar and ShreyansSancheti, who were in their last year of electric engineering at BITS Pilani, established BlueLearn earlier this year.
The funds will be used to strengthen the company’s core staff, add new personnel, and improve the product to meet the expectations of their increasing client base. BlueLearn, a startup platform where students can acquire new skills, engage with other students who share their interests, and receive assistance from industry professionals, was founded by these two young innovators.
The company’s access to information and possibilities aim to help people from all walks of life. BlueLearn’s worldwide community has grown organically to 42,000 members and 20,000 MAUs from 14 countries, including India, the US, the UK, Singapore, and others.
BlueLearn is gearing up for the next phase of its expansion, with a team of 13 people scattered around the country. It is one of the largest student communities in India. It provides students with a one-stop-shop to acquire new skills, collaborates with peers, apply for internships and become individuals.
BlueLearn’s creators hope to overcome the generational divides created by a traditional Indian higher education system that has existed for thousands of years. To address this, they’ve created a platform where like-minded people can band together to create a productive community where they can learn new skills, network with industry leaders, and interact with them.
BlueLearn will soon launch a new Blue Clubs offering, which is a collection of interest-based micro-communities. Public speaking, entrepreneurship, design, blockchain, coding, fitness, and music are just some of the topics that the communities may focus on.
To improve membership models, the company strives for members that demand additional benefits, such as one-on-one mentorship, special events, projects, and specific courses. Perhaps, seeing the idea and the intentions of these two young Engineering students, we can only wish them all the luck to see how far do they take this initiative in India.
Checkout other EdTech startups that are changing how our education ecosystem works. These startups are as follows:-
For more news and information on startups, stay tuned to StartupTrak.
