Al Rayan Holding Company invests in India’s Eupheus Learning


Source: Digital Learning Eupheus Learning, a Delhi-based educational technology start-up, said on Monday that it had raised $ 4.1 million in the Series B funding round sponsored by United Education Company (UEC) and Al Rayan Holding Company (ARHC), based in Kuwait, UEC has a majority stake. According to an official statement, the B2B startup will use the new capital for its organic expansion in national markets, especially for home learning solutions, to achieve deep customer acquisition through its school ecosystem. “International expansion will be a priority from the Middle East to other markets such as Sri Lanka and Bangladesh. The company will also seek inorganic growth opportunities in the electronics technology segment through acquisitions,” he said. During the second half of 2020, Eupheus launched its first home learning solution, Learn2Code, a gamified coding solution in collaboration with leading Canadian coding company RoboGarden. It claims to have accepted more than 700 schools and 180,000 students into the initiative in five months. Edtech startup more...