Bhanzu, a startup founded by Neelakantha Bhanu Prakash, a math prodigy known as the Usain Bolt of Mathematics, recently secured $16.5 million in its Series B funding round led by Epiq Capital. The funding round also included investments from Z3Partners, Lightspeed Ventures, and Eight Roads. This funding will allow Bhanzu to expand its student math app in the United States.
The app, which offers a curriculum designed to enhance students’ math skills, has been developed with over four years of data collection and research. Using AI technology, Bhanzu provides interactive programs and personalized learning experiences for students. The startup, which has a presence in India, the US, the UK, and the Middle East, aims to revolutionize math education in the US market.
Bhanzu’s success in securing this funding comes at a crucial time for the Indian edtech sector, which has been facing challenges. Major players like BYJU’s and Unacademy are encountering financial difficulties, and overall funding for Indian edtech startups has been on the decline. However, Bhanzu’s exponential growth and positive cash flow indicate a promising future for the startup and the sector as a whole.
Founder and CEO Bhanu Prakash expressed confidence in Bhanzu’s ability to make a significant impact on the US math education market, which is currently dominated by traditional companies that have not fully embraced technology and innovation. With a fresh injection of funding, Bhanzu is well-positioned to bring about positive changes in the education technology landscape.
As the Indian edtech sector continues to evolve, Bhanzu’s success story serves as a beacon of hope for the industry. With its innovative approach to math education and strategic expansion plans, Bhanzu is poised to lead the way in transforming the learning experience for students around the world.
