Ulipsu, India’s first versatile and multipotential OTT-like learning platform, has announced that it has raised $3.2 million as a part of an extended Pre-Series A funding round at a valuation of $50 million. With this, the company has closed the round with total funding of $5.7 million. The round witnessed participation from existing investors and high-net-worth individuals (HNIs) from the Middle East and Canada. In addition, it also claims to have executed a secondary sale of $225K involving its seed investors.
With this investment round, the startup plans to expand its footprint globally and strengthen its domestic operations. It will also fuel growth by diversifying its portfolio and launching new products. The funding will also go towards ramping up hiring to support growth in the coming year.
Founded in 2022 by Prabhu and Nikhil Bhaskar, Ulipsu offers a plug-and-play learning infrastructure that provides schools to introduce vital skills like art and craft, language and communication, coding, artificial intelligence, finance and entrepreneurship, and many more to their students. The platform ensures the creation of content that offers knowledge, information and inspiration from trustworthy sources, offering youngsters a virtual space that is fun, productive and safe. The company believes technology and the Internet can give today’s young minds a unique opportunity to access infinite potential.
Speaking about the company, Co-founder & CEO of Ulipsu, Sumanth Prabhu, said:
Ulipsu provides global standard content and curriculum for 15+ skills with assessments, projects, and skill reports. With NEP advocating the importance of skill development, schools are finding immense value in Ulipsu, and we see a significant market opportunity both within India and overseas.
The Bengaluru-based firm claims that it is being used in over 200 schools across India, and now it targets to onboard more than 1,000 schools across the country by the end of this academic year. It is also gearing up to mark its presence on the global map with Middle East expansions this year.
Ulipsu has been raising funds in multiple tranches. Last year in November, it raised $1.5 million in capital from various investors. Before that, it had raised $1 million in its pre-Series A funding in October 2021.