Total amount raised
$33.4 Millions
Latest funding date
11/1/2024
Location
Bhanzu has successfully raised $16.5 million in a Series B funding round led by Epiq Capital, with participation from 10 investors including Z3Partners and Lightspeed Venture Partners. The platform offers personalized math courses designed to improve fundamental arithmetic skills and cognitive abilities.
Keep reading to explore the intricacies of Bhanzu's fundraising journey and the investors backing this innovative math education platform.
What Is Bhanzu?
Bhanzu, founded in 2020, is an innovative math education platform based in Hyderabad, India. The company aims to transform math learning through personalized and interactive online classes.
Founded by Neelakantha Bhanu, Krishnakanth JSS, Prachotan DL, Srinivas Jonnalagadda, and Uday Kiran, Bhanzu offers a curriculum tailored for students from UKG to 9th grade. The platform focuses on improving fundamental arithmetic skills and cognitive abilities.
With a team of 501-1000 employees, Bhanzu is dedicated to making math enjoyable and building confidence in students. The company leverages innovative teaching methods and real-life examples to help students excel.
How Much Funding Has Bhanzu Raised?
- Seed Round
- Amount Raised: ₹150M (approximately $2 million)
- Date: February 2022
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Series A
- Amount Raised: ₹1.2B (approximately $15 million)
- Date: September 2022
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development stages.
- Series B
- Amount Raised: $16.5 million
- Date: November 2024
- Lead Investors: Epiq Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support its growth in the US and globally.
Bhanzu has raised a total of $33.5 million in funding. The current valuation is not publicly disclosed.
Key Investors
- Epiq Capital
- Details: Epiq Capital is a venture capital firm that focuses on high-growth companies. They led Bhanzu's Series B funding round.
- Investment Focus Areas: Technology, consumer companies, growth-stage investments.
- Notable Investments: Not publicly disclosed.
- Z3Partners
- Details: Z3Partners is a Mumbai-based venture capital firm that supports high-growth companies. They participated in Bhanzu's Series B funding round.
- Investment Focus Areas: Technology, digital businesses, outcome-driven education.
- Notable Investments: Not publicly disclosed.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm investing in early and growth-stage companies. They are an existing investor in Bhanzu.
- Investment Focus Areas: Technology, enterprise, consumer sectors.
- Notable Investments: PhysicsWallah, Snap, Grubhub.
- Eight Roads
- Details: Eight Roads is a global investment firm backed by Fidelity. They are an existing investor in Bhanzu.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Bhanzu?
Bhanzu's future looks promising as it eyes expansion into the US market, a significant opportunity given the current gaps in math education. The company aims to revolutionize the sector with its AI-driven curriculum, making math more intuitive and engaging. With an 8x growth since its last funding round and a strong product-market fit across multiple regions, Bhanzu is well-positioned to capitalize on this potential.
As Bhanzu continues to grow, future fundraising opportunities seem likely. The company's positive cash flow and substantial market demand suggest it will attract further investment to support its ambitious expansion plans. However, challenges remain, including competing with established US companies and ensuring the scalability of its innovative curriculum across diverse educational systems.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Bhanzu and gather other critical business insights.
Sign up for free on Clay and elevate your sales strategy today.
