K-12 education is quite important as it forms the base of students’ futures, prepares them for further education, or aids in building a good career. As such, developing a clear understanding of subjects during these early years of education is crucial. And gratefully, ed-tech startups are proving helpful for students in the K-12 segment, as these startups are breaking the monotony and coming up with innovative and interesting ways to make students learn.
The rise of ed-tech companies such as Eupheus Learning in the ever-changing educational landscape is a welcome breath of fresh air for the K-12 market. These creative projects offer interesting ways for pupils to learn while breaking up the monotony of conventional teaching techniques.
These firms give students a more engaging and delightful learning experience by utilizing technology and innovative teaching strategies. This develops a passion of studying from a young age and also promotes a deeper knowledge of the subjects. As a result, these K–12 education firms are essential to the provision of high-quality instruction and to giving children the know-how and abilities they need to succeed in school and beyond.
So this article will give you all the information about Eupheus learning founders, funding, growth, competitors and more. StartupTalky interviewed Eupheus Learning Pvt Ltd co-founder Sarvesh Shrivastava to get an insight into the startup.
Eupheus Learning – Company Highlights
| STARTUP NAME | EUPHEUS LEARNING |
|---|---|
| Headquarters | New Delhi, Delhi, India |
| Sector | EdTech |
| Founders | Sarvesh Shrivastava, Ved Prakash Khatri and Amit Kapoor |
| Founded | 2017 |
| Website | eupheus.in |
Eupheus Learning – About
Eupheus Learning – How it Works?
Eupheus Learning – Industry
Eupheus Learning – Founders and Team
Eupheus Learning – Startup Story
Eupheus Learning – Mission and Vision
Eupheus Learning – Name and Logo
Eupheus Learning – Business Model
Eupheus Learning – Revenue Model
Eupheus Learning – Challenges Faced
Eupheus Learning – Funding and Investors
Eupheus Learning – Acquisitions
Eupheus Learning – Growth
Eupheus Learning – Awards
Eupheus Learning – Competitors
Eupheus Learning – Future Plans
Eupheus Learning – About
Eupheus Learning, a Delhi-based EdTech startup has come up with a wider perspective and developed interesting content for all the subjects covered in K-12 education. They develop integrated learning solutions for the K-12 market in India. Besides, Eupheus Learning center also covers both the in-class and at-home learning needs of students and thus has become the first choice of many students, teachers and guardians.
All About Eupheus Learning
Eupheus Learning – How it Works?
There is a gap in the way solutions are being provided in Pre-K-12 education, and the Eupheus Learning app wants to bridge that gap. Solution providers are either focused on providing in-school curricular requirements or at-home learning needs. This gap lends itself to a disparity in the methodology and level between what is being taught in school and what is being learned at home.
Eupheus Learning was formed to bridge this gap by providing seamless end-to-end education solutions for in-class and at-home learning needs through the Eupheus Learning catalog of in-class curriculum solutions, reference books and at-home learning products.
The education solution providers like Eupheus Learning offer pedagogically and level differentiated, technology-driven solutions in the Pre-K-12 space. Eupheus learning solutions are adaptable and suit every child’s individual need and pace of learning and simultaneously reduce the workload of educators in the achievement of learning objectives.
While many start-ups are mainly focusing on math and science, the Eupheus Learning app is concentrating on promoting nearly all subjects including Eupheus learning coding, Eupheus learning books reading and learning languages as well. Eupheus Learning covers the curriculum under both CBSE & ISCE boards.
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Eupheus Learning – Industry
The India EdTech Market, which was estimated to be worth USD 2.36 billion in 2023, is expected to grow at a robust Compound Annual Growth Rate (CAGR) of 27.65% to reach USD 13.03 billion by 2030. According to a survey by Maximize Market Research, this notable growth is driven by variables like growing internet usage, digitization, and changing learning preferences.
The market’s progress in India is being driven by the surge in demand for educational technology solutions, which highlights an increasing emphasis on skill development and cutting-edge learning tools.
Eupheus Learning – Founders and Team
Eupheus Learning was founded by Sarvesh Shrivastava (Co-Founder and Managing Director), Ved Prakash Khatri (Co-Founder and Chief Operating Officer) and Amit Kapoor (Co-Founder and CEO) are the Co-Founder of Eupheus Learning.
Sarvesh Shrivastava
Sarvesh is the Eupheus Learning Co-Founder and CEO and he looks after the overall management, including product development, operations, production, technology and administration in Eupheus Learning. He holds Master of Science and Bachelor of Science degrees from the University of Illinois, Chicago.
He held progressive leadership positions in organizations such as General Electric, Corning, Telecom Australia, NIIT, Pearson and Encyclopedia Britannica. Sarvesh even ran his own business and bagged several contracts related to EPC optical fiber, which were the first in India. He even took the first franchise of payphones in 1990.
Ved Prakash Khatri
Ved is the Co-Founder and Chief Operating Officer of Eupheus Learning. He is responsible for the curriculum/in-class solutions business. Ved has about 28 years’ sales experience in the K-12 publishing industry space.
This Eupheus Learning founder has held progressive positions with Suman Prakashan, Ratna Sagar and Oxford with credentials of successfully opening new territories and growing the business in leaps and bounds in his tenures at each company. His last stint was as Vice President – K12 at Encyclopedia Britannica South Asia. Ved is a graduate of Lucknow University.
Amit Kapoor
Amit is the Co-Founder and CEO of Eupheus Learning. He has over 20 years of experience in sales and marketing across education, training & entertainment industries covering Indian and international markets. His stints at NIIT, Palador Pictures, Centum Learning, Across World Education and Encyclopedia Britannica have been focused on sales, market entry and growth strategies coupled with a focus on business development.
This Eupheus Learning founder last assignment, Amit was Director – Digital Sales at Encyclopedia Britannica South Asia. He holds PGDM from T.A. Pai Management Institute, Manipal.
Eupheus Learning has a team strength of 51-200 members as per LinkedIn.
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Eupheus Learning – Startup Story
Eupheus Learning was launched in New Delhi in 2017.
“Inspiration and ideas are born when you notice gaps between the needs and what is on offer in a market”, said Sarvesh.
Sarvesh has been working in the education and IT sectors for more than 30 years. He was previously working as Managing Director at Encyclopedia Britannica South Asia. Being in the education sector for a long time, Sarvesh saw a gap in the market between in-class and at-home learning solutions. This inspired Sarvesh and 40 ex-Britannica employees to get together to crack this problem by bootstrapping Eupheus Learning and that is how the Eupheus Learning story started.
The team also noticed that there were many award-winning solutions available across the world, which could be curated and threaded with the curricular offerings for the K-12 market without the need to reinvent the wheel. For example, Eupheus Learning collaborated with global EdTech companies to bring products such as Cubetto and RoboGarden to Indian schools which are coding programs for small kids. The Eupheus earning and robogarden have helped many kids learn to code.
Eupheus Learning – Mission and Vision
The company’s mission on it’s website states as “To become the largest school focused distribution platform in India. And then globally.”
The company’s vision on it’s website states as “To be the lighthouse of transformation in Schools. We will be the change makers inside schools by transforming them to become the 21st Century Schools and democratizing access to quality education for students. We will do so by empowering schools with learning solutions and technology through content and operating system. Because we feel that an empowered school is a great breeding point for a happier student.”
Eupheus Learning – Name and Logo
The Eupheus meaning is a Greek word that refers to the “active seeking of knowledge” and it is this willingness to keep learning that makes the difference in the long run. The Eupheus logo is pencil-shaped like a lighthouse in black and red colors.
Narrating the story behind the name, Sarvesh says, “Researching for a name is always interesting. We wanted to christen ourselves after our philosophy to foster a will to learn by providing solutions that promote engagement and discovery. We were lucky to find a Greek work –‘Eupheus’ which in Greek means readiness of will to learn”
Eupheus Learning parent company is “Proficiency Learning Solutions Private Limited.”
Rishabh Rathi
Eupheus Learning – Business Model
A strategic business model centered on B2B customer acquisition is implemented by Eupheus Learning. The company’s main goal is to grow its at-home learning business, therefore it uses its superior B2B services to schools to build a captive student base. By doing this, Eupheus Learning considerably lowers the cost of acquiring new customers while simultaneously growing its customer base.
By using this strategy, the firm can effectively access the network of educational institutions and lay the groundwork for growing its at-home learning enterprise. Eupheus Learning maximizes its market reach and optimizes operational efficiency through this synergistic approach, which ultimately propels sustainable growth in the competitive education sector.
Eupheus Learning – Revenue Model
Eupheus Learning: makes revenue from different resources. Some of the prominent ones are listed below:
Sales of Printed Books: Eupheus Learning makes money by selling printed books designed for K–12 teachers and traditional learners.
Revenue from Advertising: The company takes advantage of advertising opportunities by delivering targeted ad space within its educational products and platforms, using its wide reach and influence within the educational community.
Supplementary Income: Eupheus Learning offers its partners value-added services in addition to generating additional revenue through the provision of tailored advertising space.
Eupheus Learning – Challenges Faced
Eupheus Learning first started off as a 40-person startup with no funding, it faced enormous obstacles. Managing a small team required all members to take on various responsibilities, and obtaining funding in a cutthroat educational sector was challenging. Nevertheless, they persisted, using their knowledge and tenacity to get over challenges and make a name for themselves in the field.
“We were fortunate to find Sixth Sense Ventures who understand our philosophy and decided to fund the idea”, said Amit Kapoor.
Eupheus Learning – Funding and Investors
Eupheus Learning has raised a total of $18.4 million in funding over 4 rounds.
Here are the funding details:
| Date | Funding Round | Amount | Investors |
|---|---|---|---|
| Sep 14, 2021 | Series C | $10 million | Lightrock |
| Feb 15, 2021 | Series B | $4.1 million | United Education Company |
| Jan 22, 2020 | Series A | $4.3 million | Yuj Ventures |
| Oct 29, 2018 | Seed Round | – | Sixth Sense Ventures |
Ashwini
Eupheus Learning – Acquisitions
Eupheus Learning has made significant strides in its journey through strategic acquisitions of two companies. On September 21, 2021, it paid $19 million to acquire ClassKlap, and on February 14, 2022, it acquired SchoolMitra. These actions demonstrate the company’s dedication to improving its products and market positioning in the education industry while systematically growing its portfolio.
Eupheus Learning – Growth
Eupheus Learning, some of the major growth highlights are:
- It has 9,000+ school as users as of February, 2024
- Eupheus Learning has 42 lakh+ students as of February, 2024
- In India, there are about 24,000 upscale schools, and the company holds a 25% market share as per news report of October, 2022
- It has presence across 21 cities as of February 2021
- Eupheus Learning has partnered with 13 international companies such as ETS, BBC Muzzy, Sanako, Fiction Express, Pickatale as of 2021
Financials
| Eupheus Learning Financials | FY22 | FY23 |
|---|---|---|
| Operating Revenue | Rs 68 crore | Rs 99 crore |
| Total Expenses | Rs 81 crore | Rs 126 crore |
| Profit/Loss | Loss of Rs 21 crore | Loss of Rs 20 crore |
EBITDA
| Eupheus Learning | FY22 | FY23 |
|---|---|---|
| EBITDA Margin | -24% | -10.6% |
| Expense/Rs of Op Revenue | Rs 1.19 | Rs 1.27 |
| ROCE | -22% | -14% |
Eupheus Learning – Awards
Eupheus Learning Awards and recognition are:
- The Economic Times and Statista featured Eupheus Learning India’s Growth Champions Awards 2023
- CNBC Awaaz featured Eupheus Learning’s growth story on their news channel – 2018
- 20 Most Promising K-12 Tech Solutions Providers – 2018 by CIO Review
- Startup of the Year 2018 by The CEO Magazine
- Featured in the Top 3 Startups focused on reshaping the education industry in India – Franchise India
- Best HR Training Initiatives – 2nd Position in HR Excellence Awards 2018 by Genius Consultant
Eupheus Learning – Competitors
Eupheus Learning; some of the prominent competitors are:
Eupheus Learning – Future Plans
According to a report published on October 30, 2023, Eupheus Learning is growing throughout the Middle East and South-East Asia, encompassing Bangladesh, Sri Lanka, and other nations.
To customize their educational solutions to the demands of each market, they intend to establish alliances, create locally relevant content, and offer teacher training. The purpose of this expansion is to position Eupheus Learning as the area’s preeminent supplier of cutting-edge educational solutions.
PV Vyshnavi
FAQs
What is Eupheus Learning?
Eupheus Learning is a Delhi-based EdTech company that has come up to offer integrated solutions to bridge the gap between in-class and at-home learning in the K-12 segment.
What is the mission of Eupheus Learning?
The company mission is “To become the largest school focused distribution platform in India. And then globally.”
Who is the Founder of Eupheus Learning?
Eupheus Learning was founded by Sarvesh Shrivastava, Ved Prakash Khatri and Amit Kapoor. All the founders are ex-employees of Encyclopedia Britannica.
Who is the target audience of Eupheus Learning?
The company offers pedagogically and level differentiated, technology-driven solutions in the Pre-K-12 space. It aims to provide engaging solutions that adapt and suit every child’s individual need and pace of learning and simultaneously reduce the workload of educators in the achievement of learning objectives.
What is next on the road map for Eupheus Learning?
Eupheus Learning is going to grow throughout the Middle East and South-East Asia, encompassing Bangladesh, Sri Lanka, and other nations.
What is the revenue model of Eupheus Learning?
The revenue model of Eupheus Learning consists of sales of printed books for K–12 users, income from advertising in its educational goods, and additional revenue from partners’ customized ad space and value-added services.
Who are the competitors of Eupheus Learning?
- BYJU
- Unacademy
- Toppr
- Vedantu