Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jul, 27 2019

With new $30 mn investment, edtech platform Brainly eyes to expand user base in India

Poland-based Brainly is a peer-to-peer learning community for students, parents, and teachers across 35 countries, including India.

With new $30 mn investment, edtech platform Brainly eyes to expand user base in India

Edtech platform Brainly has raised $30 million in its new funding round led by Naspers. Poland-based Brainly is a peer-to-peer learning community for students, parents, and teachers across 35 countries, including India.

The funding round has also seen participation from Runa Capital and Manta Ray. With this latest investment, the total funding received by the edtech platform comes to $68.5 million. 

The fresh capital will be used by the company to enhance its user experience and invest further in the quality of the help provided to students and parents across the globe. Additionally, these funds will enable the company to further expand its user base in India, one of its key markets.

Michał Borkowski, CEO and Co-Founder, Brainly, said, "Our goal is to extend that access to academic help to every student in the world, including India, giving them the resources and the tools to succeed while inspiring collaborative learning. This funding allows us to do just that. We also plan to utilise these funds to expand our offerings for the Indian community of students, parents, and teachers, by providing a platform to discuss and study in other local languages like Marathi, Gujarati, Bengali, Telugu, and Punjabi, to name a few."

Larry Illg, CEO of Naspers Ventures, added, "We have been impressed by Brainly's growth over the past 10 years, particularly in the US, and high-growth markets like India, Indonesia, Turkey, and Brazil. At Naspers, we extend our support to companies that can address grave societal needs like education, helping them fulfill their vision with the ultimate aim of bringing about a change at a global scale."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • During the year 2014, when we started the business considering..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Bakery & Confectionary
    Sugar Top is a fast-emerging premium bakery & confectionery brand,..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Others Entertainment & Leisure
    Entertainment Sportz is a full service event management company covering..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us:  Chawla Chicken (Chawla’s2) is one of the biggest North..
    Locations looking for expansion Punjab
    Establishment year 1960
    Franchising Launch Date 1991
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ludhiana Punjab
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities