Edtech startup Uolo raises $7 Mn led by Five Sigma

School-focused edtech startup Uolo has raised $7 million in a new funding round led by Five Sigma. 

The company has not disclosed its current valuation. Details on participation from other investors were also not made public.

The new round comes after three years since the last $22.5 million Series A round led by UAE-headquartered VC fund Winter Capital.

The funds will be used to expand product development, strengthen technology infrastructure, and scale its presence across Indian schools, Uolo said in a press release.

Uolo helps schools manage learning, communication, assessments, and operations through a single digital system. The company works closely with schools to digitise academic processes and improve coordination between teachers, students, and parents. Its platform is currently used by schools across multiple states.

The company is also looking to strengthen its on-ground sales and school onboarding teams to support expansion into more regional markets.

Uolo is betting on deeper school integrations and AI-based tools to drive adoption in both private and budget schools.