Edtech Platform Upsurge Raises Funding From JCBL India

Surgeup Technologies Pvt Ltd, which operates gaming-focused edtech platform upsurge, has raised pre-seed funding of $370,000 (around Rs 3 crore) from venture capital firm JCBL India.

As per the New-Delhi based firm, the raised funds will be used for product development and geographical expansion. 

upsurge | Gaming-based Financial Platform

Founded by Karan Baweja in 2021, upsurge is a GenZ-focused gaming-based financial platform that offers financial education for children through interactive educational content, games, and gamified real-life responsibility management.

The New-Delhi based firm aims to impart financial literacy and life skills to Gen Z in a gamified manner. 

Speaking about the development, Karan Baweja, Founder and CEO at upsurge, said, 

“At upsurge, the mission is to inspire and empower the next generation with the knowledge and skills they need to succeed in an evolving economy.”

Karan Baweja, Founder and CEO at upsurge

upsurge claims that through its proprietary games, interactive game-based courses and rewards, children can learn about money management, entrepreneurship and other life skills.

Edtech India

The edtech sector has been among the most hit sector, with educational institutions re-opening after the effects of the pandemic tapered off. Additionally, because of the funding winter, edtech firms are finding it hard to raise cash.

Despite the struggle, few edtech startups have managed to raise funds. This month, learning management system startup Toddle raised $17 million in a Series A round led by Sequoia Capital India.

Last year, in December, B2B edtech startup Uolo raised USD 22.5 million in a Series-A funding round led by UAE-headquartered VC fund Winter Capital to expand its learning programmes with courses in STEAM subjects and to reach 50,000 schools across India over the next four years.

In November 2022, Pune-based Classlogic, offering an online teaching cum classroom management app for educators and educational institutes, raised seed funding of $100k from Mumbai-based angel investors.

Also, higher education startup Sunstone Eduversity raised $35 million in a series C funding round led by WestBridge Capital to expand into new programmes with a key focus on undergraduate tech programmes.

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