Bhanzu, a maths learning platform, has successfully raised $16.5 million in a Series B funding round led by Epiq Capital and Z3 Partners, with participation from existing investors Lightspeed Ventures and Eight Roads. With this funding, the Hyderabad-based company plans to expand in the US and other markets. The recent funding will also support the firm’s approach to mathematics education, which departs from traditional rote methods. Its AI-driven curriculum adapts to students’ learning styles to reduce maths anxiety and enhance problem-solving skills in small, interactive sessions.
Bhanzu, founded in 2020 by the world’s fastest human calculator, Neelakantha Bhanu Prakash, aims to eradicate math phobia and foster careers in math and STEM fields among learners worldwide. The platform bridges the gap between dreams and competency by empowering students to reach their full potential and introducing them to science, technology, and AI through the perspective of math. The courses are developed so that students become adept in math and intimately relate to mathematical concepts.
Speaking about the latest development, Neelakantha’s Founder and CEO, Bhanu Prakash, said:
The US maths education market has significant potential, but it is dominated by large, billion-dollar companies that have not innovated their curricula or effectively embraced technology. This gap creates a significant opportunity for Bhanzu to revolutionize maths education in the US.
The startup claims to have established a market presence in India, the US, the UK, and the Middle East. Currently, it offers courses for students from kindergarten to classes nine and above.
Rishi Maheshwari, Managing Partner, Z3Partners, added:
This investment fits into our thesis of outcome-driven education, where the strength of the product drives growth. This is evident in the positive unit economics and global growth the company is witnessing. The company is currently at an inflexion point to turbocharge growth profitably and sustainably.
Bhanzu has raised over $33 million, including a $15 million Series A investment led by Eight Roads Ventures in September 2022. The latest funds are expected to accelerate the company’s growth trajectory, which the organization claims has increased 8x since the fundraising round. It claims to have produced positive cash flow and a high product-market fit across its operating locations.
