EdTech startup Uable has recently secured 3.5 million USD in funding in a pre-Series A funding round led by Chiratae Ventures and Jafco Asia. The round also witnessed participation from 3one4 Capital.
Uable is a revolutionary learning platform that allows children between the ages of 6 to 18 to develop life skills and explore different career paths through experiential learning in a playful atmosphere.
The founder, Saurabh Saxena, who also co-founded the learning platform Vedantu, said that there was a need to introduce a kind of education and skill development that did not rely on grades and tests to identify talent and define success, which is what drove him to build Uable.
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The interdisciplinary programs on the platform provide for peer-to-peer learning facilitated by an instructor; about six students at a time are guided by an expert mentor and they pursue projects based on role-playing different real-world professional roles like astronomer, Youtuber, coder, game designer, and many others.
There are two pricing models as of now – Uable Explore Series and Uable Genius, which are short and long-term programs that allow the child to explore domains that they are interested in and choose what to pursue in the future.
Speaking about the investment, Supriya Singh Jafco Asia’s Director of South Asia investments said that the mixture of skill development and creativity enhancement that Uable provides is very much required for education in the 21st century and Jafco truly believes in the growth of the product.
Karan Mohla of Chiratae Ventures and Anurag Ramdasan of 3one4 Capital also expressed similar sentiments and said that they were excited to support Uable’s worldwide growth and the building of an educational platform that measures development in a unique manner.
The company has raised a total of 4.5 million USD in funding so far from Jafco Asia, Chiratae Ventures, Global Founders Capital, 3one4 Capital, and several other angel investors like Angel List, Inflection Point Ventures, Jitendra Gupta, etc. They expect to put these funds to good use by adding more domains for kids to explore, expanding their team, and scaling up their product globally.