Mumbai-based edtech startup Birla Brainiacs is looking to raise $5-10 million in an external round of funding and is in talks with investors, according to the founder of the company.
Nirvaan Birla — the founder of the startup who is the son of Yashovardhan Birla, the chairman of the Yash Birla group — said that the company is in “the market for funding” and that it has appointed an investment agency for the fund raise. He did not reveal an exact timeline on the closing of the funding round.
He also said that the startup has “approached a couple of investors” without disclosing further details.
The e-learning startup, which was launched last year in April, is also planning to hire 1500 teachers in the next two years, according to Birla.
“In the next two years we plan to hire 1000 plus teachers actually only for the tuition segment. Other than that we will be recruiting 100-200 teachers for other courses as well. Total 1500 teachers will be hired in the next two years,” Birla added.