Ed-tech firm uFaber secures Rs 25 crores in Series A funding

uFaber has secured Rs 25 crores in a Series A funding round led by Mastermind JPIN Capital Partners and Gray Matters Capital. The ed-tech firm had previously raised Rs 2.5 crores from angel investors. uFaber aims to maintain its upward development trajectory and fortify its position in the fiercely contested ed-tech market. 

The funding will advance its expansion ambitions, including increased system capacity, improved technology, and a larger team. The online education frontrunners have concrete goals to enrol over 1 lakh students with more than 5,000 trainers onboarded by 2024.

According to Rohit Jain, Co-Founder of uFaber, the company is thrilled to have Mastermind JPIN Capital Partners and Gray Matters Capital as partners in realising their vision for the future. 

The funds from the investment will be used to drive growth and enhance the training experience at uFaber. Jain emphasized that uFaber is working towards a more ambitious and innovative model that will continue to transform online learning in India.

“uFaber’s area of focus and associated business model are aligned with GMC’s mission of “Finding Purpose with 100 million women”.  uFaber trains teacher’s majority of which are women and gives them an opportunity to work from home in over 100 small towns to teach English via online mode to the youth at an affordable cost and superior efficacy.  Spoken English will continue to be an important market for upward mobility of low resourced communities as well as necessary if India has to provide the future workforce to the world,” Smita Sircar, President & CEO of Gray Matters Capital, said.

uFaber was founded in 2015 and provides highly customized training curricula for students as young as 3 years old. Catering to a wide range of demographics, these programs focus on a result-centric approach that emerges from uFaber’s passion for education. The programs include Fluent Life, eMaester, IELTS Ninja, UPSC Pathshala, and Real School.