Codeyoung, an edtech startup, has raised $5 million (INR 44.4 crore) in its Series A funding round. The investment was led by 12 Flags Group — known for backing Blue Tokai — along with Enzia Ventures.
The round included both primary and secondary funding, with the secondary part helping early investor Guild Capital fully exit the company.
Codeyoung plans to use the fresh capital to expand further in its existing international markets, especially the US and Canada. A portion of the funds will also be used to develop AI-based personalized learning tools and introduce new learning categories.
“Currently, we have around 15,000 students learning from us every week. Overall, around 20,000+ students are active on the platform. In terms of our student distribution, 70% are from North America, which includes the US and Canada, around 25% come from the UK and the remaining 5% are from the rest of the world,” Dhakad said.
“Currently, Codeyoung is cash flow positive. We generate a revenue of about $1.8 Mn on a monthly basis,” Dhakad said.
Founded in 2020 by Dhakad and Rupika Taneja, Codeyoung offers one-on-one online classes for children aged 5 to 17.
The platform teaches subjects such as math, English, coding, and science, helping kids learn in a personalized way.
The startup has around 1,100 trainers from different continents, who work as independent contractors and usually teach 5–6 sessions each week, the cofounder said.
The operations team in Bengaluru has 350 employees, and Codeyoung currently generates an annual recurring revenue of $15 million.
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