[Funding] Edtech Udayy raises $2.5M from Alpha Wave Incubation and Info Edge Ventures

Udayy, the live learning platform for children in Grades 1 to 5, has raised $2.5 million seed funding. Alpha Wave Incubation (AWI) of Falcon Edge Capital and InfoEdge Ventures led the round. This round also saw participation from Better Capital, Kunal Shah and other angels. The company will use the capital proceeds for the next phase of its growth. This will include curriculum development, product suite expansion. Udayy also aims to hire across the product, curriculum and engineering Teams.

Saumya Yadav, Mahak Garg, and Karan Varshney – alumni of IIT Delhi and Stanford University founded Udayy. It raised its first round of angel funding in June 2019. Since its inception, Udayy has built a highly differentiated model in India’s ed-tech ecosystem.

From industry leaders

Saumya Yadav, Co-founder and CEO at Udayy, said in a press statement shared by the company, “Primary grades are formative years of education for children. An outdated education system is failing Indian parents and children. Udayy is making learning fun and engaging for children by bringing ‘learning by doing’ methodology. These include through games, roleplays, and activities to our classrooms. We are thrilled to partner with AWI, Info Edge Ventures and our other investors to bring our mission to life.”

Anirudh Singh, MD, Alpha Wave Incubation, states, “After-school education in the younger age group segment is an untapped market in India. Udayy is on track to disrupt the space through its experiential learning model. It uses technology-driven gamification as a key driver of learning outcomes. The team has shown deep market understanding and ability to iterate quickly.” Alph Wave is be the first institutional investors in the company.”

Kitty Agarwal, Partner at InfoEdge Ventures, said, “We have immense faith in the team’s commitment to delivering an educational experience that resonates with both young children and their parents. The emphasis on peer interaction as much as the curriculum helps children develop social skills and makes learning fun which is especially important in these times.”