Bhanzu secures $16.5M Series B led by Epiq Capital; poised for US expansion
Summary
Bhanzu, the global math platform, has raised $16.5 million in Series B funding led by Epiq Capital. The round also saw participation from Z3Partners and existing investors Lightspeed Ventures and Eight Roads.The company plans to deploy the new funding to further expand its market in US.Bhanzu has achieved 8x growth since its last funding round, positive cash flow, said the company in its statement and has a product-market fit across India, the US, UK, and the Middle East. Also read: upGrad expands course offerings amid demand for AI programs, sees international growthFounded in 2020 by world record-holder Neelakantha Bhanu offers a curriculum that helps students increase their proficiency in maths.Neelakantha Bhanu, Founder and CEO of Bhanzu, said Students enthusiasm and families trust are fueling our journey, as demonstrated by a 5X increase in renewals. Bhanzus first-principles approach, strengthened by a robust use case of GenAI in education, aims to make math more intuitive and engaging. Also read: Nvidia: The lynchpin of the AI revolutionHowever, in recent times the skepticism of the sector is waning with sentiments improving.Recently, edtech major PhysicsWallah raised $210 million in Series B funding from Hornbill Capital and venture capital firm Lightspeed Venture Partners.