Sixth Sense Ventures’ second domestic fund has made its first investment, a top executive of the consumer-focused venture capital firm told VCCircle.
Founder and chief executive Nikhil Vora said his firm has backed Delhi based Eupheus Learning, which develops textbooks and their digitised versions to integrate class and home learning.
Sixth Sense has picked up a significant minority stake in the company, said Vora, not disclosing the investment amount. He added that he has joined the board of Eupheus as part of the transaction.
Commenting on the investment, Vora said, “We like the edu-tech space as it offers perpetual demand. We like Eupheus because of its strong and experienced promoter backing and it being the only unique player to have seamlessly integrated class-learning and home-learning solutions.”
Eupheus, operated by Proficiency Learning Solutions Pvt. Ltd, claims to have presence in over 1,500 schools. The clientele list includes Narayana Group of Educational Institutions, GD Goenka Group, and Delhi Public School Society.
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