uFaber, an e-learning platform, has successfully raised Rs 25 crores in a Series A funding round. The funding was primarily led by Mastermind JPIN Capital Partners and Gray Matters Capital. Before this, the educational technology company had secured Rs 2.5 crores from angel investors. uFaber’s objective is to continue its impressive growth and strengthen its position in the highly competitive ed-tech market.
By securing funding, uFaber is actively pursuing its goal of expanding its reach and diversifying its offerings. The funding will be utilized to advance its expansion ambitions, which encompass enhancing system capacity, upgrading technology infrastructure, and scaling up the team. With these strategic investments, uFaber aims to enroll over 1 lakh students and onboard more than 5000 trainers by the year 2024, solidifying its position as a leader in the online education sector, as per reported by BW Disrupt.
Speaking on investing in uFaber, Smita Sircar, President & CEO of Gray Matters Capital, commented, “uFaber’s area of focus and associated business model is aligned with GMC’s mission of “Finding Purpose with 100 million women”. uFaber trains teacher’s majority of which are women and allows them to work from home in over 100 small towns to teach English via online mode to the youth at an affordable cost and superior efficacy. Spoken English will continue to be an important market for upward mobility of low-resourced communities as well as necessary if India has to provide the future workforce to the world.”
uFaber Co-Founder Rohit Jain was thrilled to work with Mastermind JPIN Capital Partners and Grey Matters Capital to realise their mission. He predicted big results from the collaboration in the coming months. uFaber will grow and improve training using investment funding. The company’s goal has always been to make personalised training accessible and scalable for women juggling job and family. uFaber invests on the product and staff to further its purpose and improve students’ lives. Mr. Jain stressed that uFaber will continue to revolutionise Indian online learning with a more ambitious and inventive strategy.
Speaking about the Business model, CA Manish Ladage, Founder of Mastermind JPIN Capital Partners, an SME-focused growth fund, stated that “UFaber is a uniquely positioned EdTech Company with the niche in online English test preparation and English-speaking Courses, along with a strong proposition of one-to-one training by a significant number of onboarded trainers. We are excited to be part of UFaber’s multifold growth story.”
For a number of areas, including English communication and soft skills, uFaber specialises in offering hyper-individualized education at reasonable pricing.