Edtech startup, CoLearn has raised $10 million in Alpha Wave Incubation and GSV Ventures co-led Series A funding round.
“Existing investors, including Sequoia India’s Surge and AC Ventures, also participated in the round. This fresh infusion of capital will help the company to invest in product, technology, development, hiring and marketing,” a statement issued by the company said.
“Despite having the world’s fourth largest education ecosystem with 50 million students, three million teachers and half-a-million schools, the quality of education in Indonesia has remained much below its real potential for several decades. The scope for motivating students and ensuring they can thrive in a globalized world is what drives us at CoLearn,” said chief executive officer and co-founder of CoLearn – Abhay Saboo.
Managing partner of GSV Ventures – Deborah Quazzo, informed, “GSV is thrilled to be backing CoLearn’s compelling co-founders as they look to bring high quality instruction at scale to Indonesia‘s youth. The opportunity to build efficacious learning solutions for the fourth largest country in the world is vast.”
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