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Sparkl Edventure, an edtech platform focusing on personalized online tutoring for IB and Cambridge curricula, has raised $4 million in seed funding led by Zomato’s Deepinder Goyal and Zerodha’s Nithin Kamath. The funds will drive teacher recruitment, AI integration, and expansion into test prep, addressing gaps in India’s international education market.
Bengaluru-based online education platform Seekho is on the verge of closing a $10 million Series A funding round, co-led by Lightspeed and Elevation Capital. Founded in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, Seekho offers diverse, short courses designed to make learning accessible to a wide audience, including tier-II cities. Valued at around $45 million, the platform has attracted strong investor confidence, with Elevation Capital now holding a 24% stake. The funding will enable Seekho to further expand its reach and impact in the online education space.
After Unacademy laid off 250 employees, founder Gaurav Munjal reassured stakeholders on X, emphasizing the edtech company's projected growth and profitability. He refuted merger or sale rumors, focusing on long-term vision despite a challenging funding environment. The workforce has reduced from over 6,000 to under 2,000 due to restructuring efforts aimed at achieving sustainable growth. Munjal's clarifications followed a report suggesting Unacademy was seeking a merger or bailout. Support from business leaders like Ola's Bhavish Aggarwal and Oyo's Ritesh Agarwal reinforced Munjal's message. Founded in 2015, Unacademy has raised $877 million, last valued at $3.4 billion, focusing on profitability amid tough market conditions.