The venture capital firm Eight Roads Ventures led a $15 million (Rs 119.76 crore) Series A round of funding for the Hyderabad-based math-learning platform Bhanzu. B Capital and existing investor Lightspeed also participated in the round.
The money will be used by Bhanzu to grow its business internationally, hire more personnel, and improve its technological foundation.
Bhanzu, founded by the World’s Fastest Human Calculator Neelakantha Bhanu, Prachotan D L, Uday Kiran, JSS Krishnakanth and Srinivas Jonnalagadda, is a math-learning platform with a meticulously designed curriculum that helps students become 4x quicker and better at math by nurturing their cognitive abilities and building their core math acumen.
Neelakantha Bhanu, Founder and CEO, Bhanzu, said, “Every student is capable of learning and loving math if taught the right way. With the Bhanzu way of teaching math, we want to eradicate global math phobia. We are excited to take #BhanzuRevolution globally.”
The vision of Bhanzu is to build the most thought-through math curriculum using personalised AI-aided methodology, which builds confidence in students, by enabling them to apply math in the real world.
“Low math proficiency is a deep problem, driven by lack of skilled teachers, poor engagement, and math anxiety in students. We have been very impressed with Bhanzu’s proprietary pedagogy and curriculum, which results in superior learning outcomes, cognitive development, and future readiness,” said Aditya Systla, Partner, Eight Roads Ventures.
At the moment, Bhanzu employs 400 people, including teachers. According to the startup, it currently has more than 30,000 active users and is adding 1,000–1,500 new users each month.
“We believe that Bhanzu is solving a large challenge faced by students and is enabling every child an enjoyable math learning experience. Bhanzu is created to inculcate a love for math with innovative learning techniques and establish itself as the world’s most thought-through holistic math curriculum,” said Karan Mohla, Partner at B Capital.
A $2 million seed round headed by Lightspeed and a few other well-known angel investors was completed by the startup in 2022.