Edtech startup Codeyoung has raised $5 Mn (INR 44.4 Cr) in its Series A funding round, led by 12 Flags Group—an investor in Blue Tokai—and Enzia Ventures. Cofounder Shailendra Dhakad said that the fundraising includes an equal share of primary and secondary components, with the secondary portion offering an exit to early backer Guild Capital.
The newly raised capital will help the company strengthen its footprint in existing international markets, particularly in the US and Canada. A portion of the funds will also support the development of AI-driven personalization tools and the launch of new learning categories.
Founded in 2020 by Dhakad and Rupika Taneja, Codeyoung provides one-to-one online lessons for learners aged 5–17 across subjects such as math, English, coding, and science.
“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.
The platform has about 1,100 trainers working as independent contractors from multiple continents, most of whom conduct at least 5–6 sessions weekly, he added.
Codeyoung’s operations team, based in Bengaluru, consists of around 350 employees. The startup currently reports an annual recurring revenue of $15 Mn. “Currently, Codeyoung is cash flow positive. We generate a revenue of about $1.8 Mn on a monthly basis,” Dhakad said.
The funding arrives after a challenging period for the Indian edtech sector, marked by BYJU’S—the sector’s highest-valued startup—entering insolvency. Despite this, 2025 has seen renewed activity, with platforms such as Leap, CENTA, and speakX securing investments. India’s edtech market will expand to $29 Bn by 2030, growing at a CAGR of 25.87% from 2022 to 2030.
Edtech unicorn PhysicsWallah recently closed its IPO and will list on November 18, while Imarticus Learning is gearing up for its public offering, planning to raise around INR 750 Cr through a mix of fresh issuance and an offer for sale.
