Gurgaon-based kids learning platform Udayy on Monday said that it has raised $2.5 million seed funding led by Alpha Wave Incubation (AWI) managed by Falcon Edge Capital, and InfoEdge Ventures.
Founded by Saumya Yadav, Mahak Garg, and Karan Varshney – alumni of IIT Delhi and Stanford University – the start-up had its first round of angel funding in June 2019. Udayy will use the capital proceeds for the next phase of its growth which includes curriculum development, product suite expansion, and hiring across the product, curriculum and engineering teams.
