ConveGenius, an Indian edtech company, successfully raised US$7 million in a financing round led by UBS Optimus Foundation and Mount Judi Ventures to enhance its generative AI capabilities and expand its reach.
Target Information
Heritas Capital is excited to announce that its portfolio company, ConveGenius, a prominent AI-driven educational technology firm based in India, has successfully secured a financing round of US$7 million. This round was led by UBS Optimus Foundation and Mount Judi Ventures, with participation from current investors including the Michael and Susan Dell Foundation (MSDF), Bace Capital, Gray Matters Capital, and Heritas Capital.
This funding is a significant part of a broader fundraising initiative aimed at enhancing the generative AI capabilities of ConveGenius’ SwiftChat platform, which currently boasts an impressive reach of 143 million registered users and has been implemented in over 577,000 schools across India.
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Industry Overview in India
The educational technology (edtech) industry in India has been witnessing remarkable growth, propelled by increased adoption of digital solutions in the wake of the COVID-19 pandemi
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UBS Optimus Foundation and Mount Judi Ventures
invested in
ConveGenius
in 2024
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $7M