Edtech startup BlueLearn raises $450K funding led by Lightspeed, others

Bangalore-based BlueLearn (formerly Clinify), a community-led online learning platform, today announced it has raised $450,000 in a pre-Seed funding round led by US-based Lightspeed Venture Partners, with participation from 100X.VC, Titan Capital, and 2am VC. 

The round is also participated by individual angel investors --- Rahul Mathur, Gaurav Mandlecha, and Surabhi Randev. This is in addition to the first round led by 100X.VC., the startup said.

BlueLearn will use the raised capital to build their core team, hiring new talent, and further develop their product to cater to their growing community of users.

Founded earlier this year by Harish Uthayakumar and Shreyans Sancheti who are currently studying at BITS Pilani, BlueLearn claims to be India's largest student community platform that allows students to learn new skills, network with peers, apply for internships and grow as an individual.

“We started building the BlueLearn community in August 2020. In our conversations with them, we realised there was a huge gap in the industry exposure and opportunities students in tier-2/3 colleges received. Harish Uthayakumar, Co-founder, BlueLearn said.

"Through BlueLearn, we want to democratise access to knowledge and bring back the ‘human’ element in the age of virtual learning," he said.

“We are thankful to Lightspeed, Titan Capital, 100X.VC, 2am VC, and our angel investors who have shown faith in our vision. We are confident that with their support and guidance we will be able to build a valuable and iconic product for our users," he adds.

Over the last 10 months, BlueLearn has organically onboarded over 42,000 members with 20,000 MAUs from 14 countries across the globe including the USA, India, UK, Singapore, and others, it claims.

BlueLearn has also launched a new product called Blue Clubs, focused on a wide range of topics like public speaking, entrepreneurship, design, blockchain, coding, fitness, music, and more.

Commenting on the investment, Vaibhav Agrawal, Partner, Lightspeed said:

“There is a gaping need for clutter-breaking new experiences in higher education — while the world has moved to social communities, byte-sized content, and hyper-specific skills, our education systems are still stuck in classrooms (now zoom-rooms!), static curricula and rote learning of the 1900s industrial era."

Ninad Karpe, Partner, 100X.VC stated: “We at 100X.VC is elated to see our portfolio companies growing and making an impact in the industry and the entire ecosystem. Bluelearn’s concept is unconventional and that’s what interested us the most. We are confident that BlueLearn will scale rapidly in the coming future”.

Also Read:

• Edtech startup upGrad joins unicorn club at a valuation of $1.2 billion

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