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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.

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."

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