Edtech Startup Bluelearn Shuts Down Operations

Bluelearn, a social learning platform, has announced the cessation of its activities due to difficulties in achieving rapid growth. The recently established company would distribute 70% of the funds it acquired to its shareholders.

The firm, situated in Bengaluru, has secured around $4 million through two funding rounds from Elevation Capital, Lightspeed, Titan Capital, and 2 am VC. The community-driven platform also received support from angel investors such as Vidit Aatrey, Sanjeev Barnwal, Awais Ahmed, Vivek Mohan, and others.

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Bluelearn initially functioned as a telegram channel designed for students to collaborate and assist one another in resolving common inquiries. At its zenith, the startup asserted to own more than 250,000 members hailing from several colleges and businesses in India and worldwide.

Since its establishment, the organization has facilitated numerous students in securing internships, and employment opportunities and forming social connections through its online community.

Harish Uthayakumar, Bluelearn’s co-founder and CEO, said: “We realised that building a venture-scale business with Bluelearn was tough. We had been very conservative with capital, allowing us to return 70% of the capital we raised back to investors,”

About Bluelearn

Founded in 2021 by Uthayakumar and Shreyans Sancheti, Bluelearn is a place where you can learn, find work opportunities, and meet passionate people to grow.

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