Falcon Edge to lead funding round in Udayy

Kids-focused ed-tech startup Udayy is in an advanced stage to raise $2.5-3 million in a seed round, according to two sources aware of the development.

“Udayy has been in talks with Falcon Edge’s Alpha Wave Incubation or AWI for the past two months. The contours of the deal have been finalized, and if nothing goes wrong, the company will announce the round in the coming weeks,” said one of the sources on the condition of anonymity.

Udayy is a year-old digital learning platform for kids between grades 1 to 5. Co-founded by Mahak Gark, Saumya Yadav, and Karan Varshney, it enables kids to practice and develops their mathematical and analytical thinking.

Besides Maths, Udayy focuses on English and higher-order thinking skills.

Queries sent to Udayy and Falcon Edge on Friday did not elicit any response. We’ll update the post when we hear from them.