Indian edtech firm Uolo raises $7 million to expand AI-driven learning companions

Summary

Gurgaon-based edtech startup Uolo has raised $7 million in a funding round led by Australian VC firm Five Sigma, with participation from existing investors Blume Ventures, Morphosis and Alicorn. The company plans to use the capital to deepen its partnerships with mass-market schools and accelerate development of generative AI-based home learning companions, aiming to deliver affordable, AI-enhanced educational tools to over a million paying students.