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Uolo raises Rs 20 crore from Omidyar Network & Blume Ventures

Uolo Technologies, a communication platform for schools, raised $2.7 million in pre-Series A round led by Omidyar Network India and Blume Ventures.

Founded by Pallav Pandey, Ankur Pandey, and Siddharth P Singh, Uolo partners with private schools to bring teachers, students, and parents online through a mobile app. The platform helps students to continue learning in an online, social, and after-school setting, the company said.

The Mumbai-based startup claims to have onboarded 2,000 schools and 1 million students in more than 200 cities across India.

“Schools as an institution shall continue to play an important role in how our children learn and grow into society. Once the school, teachers, parents, and students are digitally connected and this community moves online, it becomes possible to build on top of 6 plus hours of daily learning that happens inside the school,” said Pallav Pandey, Co-founder and CEO, Uolo.

The company plans to utilise the funds to expand its team across technology and operations and improve its offerings for school administration and students. It plans to bring 20,000 schools and close to 10 million students on its platform in the next two years.

Commenting on the fundraise, Sajith Pai, director of Blume Ventures, said that the pandemic has led to the rapid adoption of digital learning and technology by schools.

The amount of money invested in India’s education technology increased nearly four times to $1.5 billion in the first nine months of 2020 compared to $409 million in 2019, according to Venture Intelligence.

Published in The Economic Times on November 10 | Source:

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