[Funding alert] Edtech startup Udayy raises $2.5M in seed round led by Alpha Wave Incubation, others
Udayy, the Gurugram-based edtech startup, has raised $2.5 million in a seed round led by Alpha Wave Incubation (AWI), managed by Falcon Edge Capital, and InfoEdge Ventures. The edtech startup will use the fund for its next phase of growth, which will include curriculum development, product suite expansion, and hiring. According to the edtech startup, it facilitates the development of Mathematical thinking and confident speaking in children by engaging them in an interactive, small classroom with three-five children. Also, Udayy believes it is catering to the untapped segment of the younger age group. Anirudh Singh, Managing Director, Alpha Wave Incubation, said, â€œAfter-school education in the younger age group segment is an untapped market in India.