The fundraising was led By Learn Capital with participation from Prosus, Runa Capital, MantaRay, and General Catalyst Partners. The platform redefining EdTech has grown organically to 350M Students, Parents and Teachers across the globe.
India, December 17th, 2020: The world’s largest online learning platform for students and parents, Brainly, has concluded its Series D funding round with a fresh influx of $80M, thereby bringing its total funding up to $150M. The latest funding round was led by U.S.-based Learn Capital and received participation from Prosus Ventures as well as General Catalyst Partners along with the platform’s existing investors including Runa Capital and MantaRay.
Brainly intends to utilize the funds to introduce new products for both Indian students and their parents while also augmenting its business footprint across Brazil and Indonesia, two high-growth markets. Today, the platform has more than 350 million unique users every month, 55 million of which are Indians.
Brainly also has large communities spread across the U.S., Russia, Indonesia, Brazil and Latin America amongst others.The brand’s stellar rise is backed by its intuitive user interface and on-platform experience of students, parents, and teachers.
“We recognized that students require a peer-to-peer learning platform. The growth of this model has accelerated as a result of the global pandemic, forever changing the way students learn. Today, Brainly is the de facto resource for students and parents seeking help with homework from their peers and experts,” said Michał Borkowski, CEO and co-founder of Brainly.
“Over the past six months, we have achieved growth milestones that we had projected to hit over the next few years. We receive immensely positive feedback from students, parents, and teachers using Brainly, so there are no signs of this growth slowing down anytime soon” he added.
“This growth is a testament to the strength of the community and a user experience that enables students and families to succeed given their varied learning needs. Learn Capital is excited to support the Brainly team as it executes on an ambitious product roadmap en route to becoming a household name, both in the United States and around the world” said Vinit Sukhija, Partner at Learn Capital.
Validating its differentiated approach, Brainly’s user base has increased organically by more than 75% since April 2020. In 2019, Brainly concluded its Series C round led by Prosus (Naspers) with a total capital influx of $30 million. With optimum utilization of funds, Brainly has truly become a force to reckon within the global EdTech space as a one-stop platform for peer-to-peer learning.
Source: Business World
