Edtech platform Ulipsu raises 3.2 million USD amidst a funding winter; Closes its Pre-series A round with a total of 5.7 million USD at a valuation of 50 million USD!Plans to accelerate growth & operations with aggressive market expansion, product diversification, and vigorous talent acquisition in the next few monthsBengaluru, May 24, 2023:Ulipsu, an edtech startup and Indias first multi-skill learning platform, has made a mark by raising a fresh round of 3.2 million USD amidst the funding winter that has negatively impacted the edtech industry. The round also saw a secondary sale of 225K USD for the seed investors.With the new funds, Ulipsu plans to accelerate its growth and operations by expanding its footprint in domestic and global markets and diversifying its product portfolio with new offerings to meet the evolving requirements of schools and parents. The first profit is expected to be achieved in FY 26.Expressing his optimism over the new round of funding,, said, ".Highlighting the product fit of Ulipsu, Sumanth further added that ". Ulipsus planned product development, healthy tractions, strong unit economics and the probability of it becoming one of the major players in the K12 space in the next 2-3 years have enabled the brand to raise a fresh round of investments this season. The beauty of the product is its versatility which is enabling us to reach the remotest part of India as well as a young mind in a Metro city.Ulipsu is headquartered in Bengaluru and has a full-scale content creation and production unit in Mysuru with a total team of 150+ passionate individuals.Ulipsu is a leading K12 edtech brand & Indias first versatile multipotential OTT like learning platform, founded by Sumanth Prabhu and Nikhil Bhaskar in 2022.