Edtech startup Codeyoung has raised $5 million (₹44.4 crore) in its Series A round, led by 12 Flags Group known for backing Blue Tokai and Enzia Ventures. The Bengaluru-based company will use the fresh capital to scale its global footprint, enhance AI-driven learning tools, and broaden its academic offerings for K-12 learners.
Cofounder Shailendra Dhakad confirmed that the round includes a balanced mix of primary and secondary capital, with the secondary component offering an exit opportunity to early investor Guild Capital.
Global Expansion and AI-Led Personalisation in Focus
With the new funding, Codeyoung aims to deepen its presence in existing international markets, particularly the US and Canada, where the platform has seen the strongest traction. A significant portion of the investment will be channelled into building AI-based personalisation engines to improve learning experiences and introduce new subject categories.
Founded in 2020 by Dhakad and Rupika Taneja, Codeyoung provides one-on-one online coaching for students aged 5 to 17 years across subjects such as math, English, coding, and science.
Strong International Adoption and Growing Student Base
Codeyoung has emerged as a globally relevant edtech platform, with a majority of its students coming from international markets.
Student Distribution
- 70% from North America (US & Canada)
- 25% from the UK
- 5% from other regions
“Currently, around 15,000 students learn from us every week, and more than 20,000 students are active on the platform,” Dhakad said.
To support this scale, Codeyoung works with around 1,100 trainers operating as independent contractors across continents. Each trainer typically conducts 5–6 sessions per week, ensuring personalised teaching quality across time zones.
Bengaluru-Based Operations With Strong Revenue Performance
While its student base is global, the company’s core operations team of 350 employees is headquartered in Bengaluru. Codeyoung’s financial performance remains robust despite a challenging edtech market environment.
Financial Highlights
- Annual Recurring Revenue (ARR): $15 million
- Monthly Revenue: ~$1.8 million
- Current Status: Cash-flow positive
This strong financial foundation sets Codeyoung apart from several Indian edtech peers that struggled with profitability in recent years.
Funding Boost Amid Edtech Sector Challenges
Codeyoung’s fundraise comes at a pivotal moment for the Indian edtech sector. Once considered the crown jewel of India’s startup ecosystem, the industry recently faced turbulence with BYJU’S entering insolvency proceedings and several players undergoing restructuring.
However, 2025 has brought renewed investor confidence, with several edtech startups—such as Leap, CENTA, and speakX—securing fresh capital.
The sector’s long-term potential remains compelling. India’s edtech total addressable market (TAM) is projected to reach $29 billion by 2030, growing at a 25.87% CAGR from 2022 to 2030.
IPO Momentum Rising in the Edtech Ecosystem
Investor sentiment in the space is also reinforced by multiple upcoming public listings. Edtech unicorn PhysicsWallah closed its IPO subscription yesterday and is scheduled to list on November 18 (Tuesday). Meanwhile, Imarticus Learning is preparing to raise approximately ₹750 crore through a combination of fresh issue and OFS via its planned IPO.
Against this backdrop, Codeyoung’s successful fundraise highlights the market’s ongoing confidence in scalable, revenue-generating edtech businesses with global potential.
