Exclusive: Hyderabad Based Edtech Startup UCLID Raises Seed Funding
Summary
After working for six to seven years with institutions providing SaaS-based edtech solutions, Anurag Shivarathri, another cofounder of UCLID, realised the need of a single platform where the different SaaS models can be clubbed together and a unified education network can be created. The aim is to make a first of its kind Unified Education Network connecting institutions, teachers, students and parents to provide best-in-class, secure and compliant online solutions in a transparent and low-cost manner. The factors driving this growth include rising Internet and smartphone penetration, low cost, convenience, flexibility and increased adoption of the available new technologies particularly in Tier I cities. With increased demand to organise the education sector of India and digital revolution in the country, a lot of edtech startups catering to different niche areas have come into play. While consumer internet companies like Uber and ecommerce unicorns such as Amazon and Flipkart have already reached there, recently YouTube also hosted a three-day pop-up space in the Ramoji Film city within Hyderabad.