Epiq Capital leads Bhanzu’s $16.5 million Series B round

Mathematics-focused learning platform Bhanzu, founded by Neelakantha Bhanu, has raised $16.5 million (nearly Rs 140 crore) in a Series B funding round led by Epiq Capital.

The company said it has achieved eight-fold growth, positive cash flow and strong product-market fit in India, the US, the UK and the Middle East since its last funding round. However, the last round of funding took place in September 2022, when the company raised $15 million led by venture capital firm Eight Roads Ventures.

“Securing this new funding is a significant milestone for Bhanzu, not only supporting our expansion but also underlining our strong market position – with rapid 8x growth and positive cash flow since our last round, and a model that delivers strong value” Bhanu said, He is considered the “fastest human computer in the world” and is also the CEO of the company.

“Since we met Neelakantha Bhanu 18 months ago, Bhanzu has evolved into a global platform for mathematics education, leveraging its unique pedagogical approach combined with the use of advanced AI to shape learning outcomes across all regions,” said Epiq Capital Partner Chinmay Katdare.

“This investment fits with our thesis of outcomes-based education, where strength of product drives growth. This is reflected in the positive economic situation and the company’s global growth. We believe the company is currently at an inflection point to drive growth in a profitable and sustainable manner,” said Rishi Maheshwari, Managing Partner, Z3Partners.

Bhanzu is headquartered in Bengaluru and currently offers courses for students from Kindergarten to Class 9+. The company claims that its courses focus on both understanding and engagement and that its curriculum is based on GenAI.