Edureka Raises $2 Million in its First-ever Round of Funding

Edureka has raised $2 million from Leo Capital, a venture capital fund known for investing in technology companies.

Edureka, which is the only profitable, boot-strapped ed-tech start-up, has for the first time opened its doors to investment, in a bid to add fuel to its ambitious growth plans and to bring senior expertise on board.

Edureka has achieved 3X growth in the last three years and expanded the learner community to more than 100 countries, becoming the only boot-strapped ed-tech start-up to have achieved such growth. Post this investment, Rajul Garg, founder and managing partner of Leo Capital India, who is an entrepreneur turned investor and founded companies like Pine Labs and GlobalLogic, will join the board of Edureka.

Lovleen Bhatia, co-founder and CEO, Edureka, said: “Edureka is a consumer-first company which believes in creating value for all our stakeholders. With this investment, we will continue to focus on scaling up our team, enhancing our core product and improving customer experience to achieve our target of achieving 6x growth in the next three years. We’re also excited to welcome veteran investor and serial entrepreneur, Rajul Garg, into the company."