Math learning platform Bhanzu has raised $15 million in its Series A funding round led by Eight Roads Ventures, with participation from B Capital, who invested from its Ascent Fund, and existing investor Lightspeed.
This is the second investment for the Hyderabad-based EdTech company in the past seven months. The company last raised $2 million in its seed round in February this year.
The company plans to utilise the fresh capital to expand its business globally across multiple geographies, enhance its tech infrastructure to create a better student learning experience, increase its workforce, and strengthen its curriculum with more interesting and outcome-focused content.
Founded in 2020 by the world’s fastest human calculator Neelakantha Bhanu Prakash, Bhanzu aims to eradicate math phobia and encourage careers in math and STEM fields among learners from across the world. It offers experiential math learning programmes for students aged between 5 to 16 years to help them become 4X quicker and better at math, and build the right foundation to develop cognitive abilities.
Bhanzu’s curriculum is personally curated by Neelakantha Bhanu after expansive data collection and research over four years. Bhanu holds four world records and 50 Limca records for being the fastest human calculator in the world.
According to Neelakantha Bhanu, every student is capable of learning and loving math if taught the right way. With the Bhanzu way of teaching math, the company wants to eradicate global math phobia, and with the latest funding, it envisions becoming the world’s largest and most impactful math education entity in the next few years, he said.
According to its website, Bhanzu has trained over 30,000 students through its bouquet of courses.
Aditya Systla, Partner at Eight Roads Ventures, said, “Low math proficiency is a deep problem, driven by lack of skilled teachers, poor engagement, and math anxiety in students. We have been very impressed with Bhanzu’s proprietary pedagogy and curriculum, which results in superior learning outcomes, cognitive development, and future readiness.”
With the latest round, Bhanzu has raised a total of $17 million, including $2 million in its maiden round from Lightspeed and a host of angel investors and founders of Indian startups such as Nitin Gupta (Uni Chief Executive), Maninder Gulati (Global Chief Strategy Officer at OYO), Gaurav Munjal (CEO of Unacademy), Kunal Shah (CEO of Cred), among others.
