Edtech startup uFaber raised INR 25 crore in Series-A from Mastermind JPIN Capital Partners Fund and Gray Matters Capital.
The cash will be used to expand and boost system capacity, upgrade technology, and establish a larger workforce, according to the startup. By 2024, uFaber hopes to enrol over 1 lakh students and hire over 5000 trainers.
Anirudh Swarnkar and Rohit Jain founded the firm in 2015 to give students with tailored training curriculum. It caters to a diverse demography of college students, professionals, homemakers, and businesses in order to assist them enhance their English communication and soft skills. Fluent Life, eMaester, IELTS Ninja, UPSC Pathshala, and Real School are among the programmes available.
In response to the investment, uFaber cofounder Rohit Jain stated that the company intends to continue expanding by investing in the product and the team.
Smita Sircar, president and CEO of Grey Matters Capital, added that the majority of teachers trained by uFaber are women, with the option to work from home. These teachers come from over 100 small towns in India and teach English to the youth online at a low cost and with high efficacy.