Online learning platform uFaber has secured Rs 25 crore in a Series A funding round led by Mastermind JPIN Capital Partners and Gray Matters Capital. The edtech firm had previously raised Rs 2.5 crore from angel investors.
uFaber aims to maintain its upward development trajectory and fortify its position in the fiercely contested edtech market, the company said in a statement. It further added that the funding will advance its expansion ambitions, including increased system capacity, improved technology, and a larger team.
uFaber offers specialized training programs to a diverse group of individuals. The platform trains teachers majority of which are women and gives them an opportunity to work from home in over 100 small towns to teach English via online mode to the youth at an affordable cost and superior efficacy.
The platform runs five programs: Fluent Life, eMaester, IELTS Ninja, UPSC Pathshala, and Real School. Fluent Life helps college students, professionals, homemakers, and businessmen improve their English communication and soft skills, eMaester trains women to become work-from-home teachers, IELTS Ninja focuses on training working professionals for English proficiency exams, Real School provides individual-focused education and UPSC Pathshala offers coaching for various competitive exams.
Founded by Rohit Jain and Anirudh Swarnkar in 2014, the firm aims to enroll over 1 lakh students with more than 5,000 trainers onboarded by 2024.