[Funding alert] Edtech startup GUVI raises funding to scale up its operations
Vernacular language-based education tech startup GUVI, owned and operated by Guvi Geek Network Private Limited, has secured Rs 6 crore in its pre-series A round of funding from Education Catalyst Fund, an education-focused venture capital fund managed by CBA Capital.
SP Balamurugan, CEO at GUVI, “The company aims to use the capital raised in this round to scale up its operations, introduce newer courses and expand its geographical presence for its blended (offline+online) courses.”
GUVI was founded by SP Balamurugan, Arun Prakash and Sri Devi in 2014. The Chennai-based company offers technical courses created by industry experts in vernacular languages.
Bhavesh Hemani of CBA Capital stated, “The business model of GUVI is the 21st-century skilling solution that the country needs right now. It offers the perfect blend of online and offline courses with rising demand and early success evidenced by high rates of employment for students.”
In April 2019, the edtech firm received investment from Gray Matters Capital, a US-based investor.