[Funding alert] School communication platform Uolo raises Rs 20Cr led by Omidyar Network, Blume Ventures
Summary
School communication platform Uolo Technologies said on Tuesday it has raised Rs 20 crore in a Pre-Series A funding round led by Omidyar Network India and Blume Ventures. The startup, which runs an app to help students, teachers and parents communicate online, said it will use the funds to expand its tech and operations teams, as well as improve its offerings. Founded in 2013 by Pallav Pandey, Ankur Pandey and Siddharth Singh, the Bangalore-based firm currently provides its solutions to over 2,000 schools in India, and counts a million students across 200 cities on its platform. The Uolo app — short for You Only Live Once — functions largely like WhatsApp for schools, and sends academia-related information such as marksheets, attendance and homework directly to parents to help them keep an eye on their childs progress. "With these funds, the Uolo team of passionate educators and tech leaders will further build and enhance the platform, to help schools deliver even better learning outcomes to kids," he added.