Edtech startup BlueLearn raises $3.5 million in funding led by Elevation Capital, Lightspeed

Other investors included Titan Capital, 2am VC, Meesho founders Vidit Aatrey and Sanjeev Barnwal, Pixxel founder Awais Ahmed, among others. The capital raised is in addition to the previous rounds led by Lightspeed and 100x VC.

Bluelearn plans to use the funds to strengthen the product, grow its community user base by 10x and double its team size by 2023. It is actively hiring across functions such as product, tech, marketing, and operations, it said in a statement.

“With the new capital, we plan to accelerate our market expansion to newer and previously untapped markets in India and globally. By strengthening our core tech and product teams, we will continue building impactful products that help people grow in their careers and lives,” co-founder Shreyans Sancheti said.

Founded in 2021 by BITS Pilani alumni Sancheti and Harish Uthayakumar, BlueLearn started as a community on Telegram where students shared doubts with experts. The community has now expanded to 150,000 members from over 20 countries including the United States, the United Kingdom and Singapore.—including the US, the UK, Singapore and others.

The app enables students to learn new skills, network with peers, and apply for internships. Its internship and freelancing platform Bluelearn Work, which matches the top 2% of community members with companies looking to hire young talent, has seen over 1,100 companies and individuals post gigs and internships, and registered over 30,000 total applications since two months of launch.

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“We are firm believers that the future of learning will be social, as learners are actively engaged. Bluelearn is uniquely building a social networking and a learning destination by bringing together communities of young learners, anchored around shared interest areas,” said Amit Aggarwal, principal at Elevation Capital.