Ahaguru co-founder Balaji Sampath said in a statement that the company will use the funds to launch new courses and upgrade its technology by investing in artificial intelligence (AI) to personalize learning experience for each student. He did not disclose the financial details of the transaction. The investment will also help the company add more teachers to its platform.
Founded by Sampath and Gomathi Shanmugasundaram in 2012, Ahaguru provides science and math education for middle- and high-school students preparing for their board and competitive exams.
Mahindra said in the statement that Ahaguru is making learning easier and understandable by deploying well-researched techniques.
Byju's, Eruditus, Vedantu and Toppr have also raised significant growth funding over the past few months. Byju's also bought venture capital-backed WhiteHat Jr, which focuses on coding education, for $300 million in August.
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