India’s Uolo Raises $22.5 Million to Bring Edtech to the Masses
Uolo, an Indian edtech platform that works with private K-12 schools to offer online learning programs to middle and low-income families, has raised $22.5 million in a funding round led by UAE-headquartered VC fund Winter Capital.
The vast majority of edtech startups operate in a business-to-consumer model and spend on ads to reach the parents and guardians of the students.
Uolo says it is reducing that cost by operating in a business-to-business-to-consumer model, working with private schools to let them offer online learning programs to their students and levy the charges as part of the school fees. The startup’s programs are also designed in tandem with the curricula of the partnered schools, making it easier for students to double down on learning the same lessons.
Source: TechCrunch (link opens in a new window)
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