Gurugram-based edtech startup Uolo has raised $7 million (approximately ₹63 crore) in a funding round led by Australian VC firm Five Sigma, with participation from existing investors Blume Ventures, Morphosis, and Alicorn.
The company will use the capital to expand its partner school network and strengthen its generative AI capabilities.
It will also enhance its learning and school management platforms, with a focus on building AI-driven learning companions aligned with classroom instruction.
Uolo’s journey began in 2013 as a school communication platform founded by Pallav Pandey, Ankur Pandey, and Badrish Agarwal. In 2020, the business was acquired by Uolo Edtech, following which Pallav Pandey took on the role of co-founder and CEO and repositioned the company around a school-integrated learning model.
In its current form, Uolo partners with private K–12 schools to provide textbooks in subjects such as English, mathematics, computer science, and general knowledge, along with a home-practice app for students. The startup operates on a B2B2C model, offering a free school ERP platform while monetising through paid learning programs for students.
Uolo claims to work with more than 2,500 schools across India and has over 1.1 million paying students.
Prior to this round, the company raised USD 22.5 million in a Series A round led by Winter Capital in 2022, following a seed round in November 2020. Overall, Uolo has raised over USD 41 million to date.
