Online learning platform Ufaber has raised about $3 million (Rs 25 crore) in its Series A funding round led by Mastermind JPIN Capital Partners and Gray Matters Capital, per an announcement.
The startup will use the funds for expansion including increased system capacity, technology improvement and talent recruitment.
Founded in 2015 by IIT Bombay alumni Rohit Jain and Anirudh Swarnkar, uFaber specialises in providing personalised teaching for a variety of subjects like soft skills and English communication.
“The funds from the investment will be used to drive growth and enhance the training experience at uFaber. The company’s mission has always been to make personalised training accessible and scalable, which allows women to balance career and family life. By investing in the product and the team, uFaber aims to continue advancing this mission and positively impact the lives of their students,” said Rohit Jain, co-founder of uFaber.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from May 24-26, 2023.