Udayy
Defunct8 known investors
Udayy provides free lessons, NCERT-style solutions, and practice questions for students following CBSE, ICSE, and Indian state board curricula. The site is built as text-first, low-bandwidth pages for slow connections and small screens, with no ads or child tracking, serving school students in India.
Also known as Skorion Technologies Private Limited
Founders & leadership
Investors Β· 8
Also in the syndicate Β· 3
Funding
SEC filings, press & company announcements$2.5M disclosed across 1 of 5 rounds Β· 2019β2022
- $2.5Mseed funding roundJan 2021 Β· 2 sourcesSource β
Source: company announcements and press reports β follow each round's link for the claim.
Company profile
researched Aug 2026Udayy was an education technology company based in Gurugram, Haryana, India, founded in 2019 by Saumya Yadav, Mahak Garg and Karan Varshney, alumni of IIT Delhi and Stanford University. Its core product was a live online learning platform teaching mathematics and English to children aged roughly 6-11 (Grades 1 to 5), delivered in small interactive classrooms of three to five children using games, roleplays and activity-based "learning by doing" methods. The company also released a free app that provided daily practice worksheets. Inc42 lists the corporate entity as Skorion Technologies Private Limited and classifies the business under Media & Entertainment/edtech.
The venture scaled during the COVID-19 pandemic, reporting more than 200 teachers, 130,000 students taught, over 400 classrooms run daily and students from more than 45 Indian cities and towns, with a peak of about 5,000 students a month. After pandemic restrictions eased and children returned to physical schools, refund requests increased and online customer acquisition costs rose; the founders concluded the business model was no longer viable and shut down operations in April 2022, laying off the entire workforce of about 100-120 employees and returning roughly $8-8.5 million of remaining capital to investors.
The udayy.com domain currently hosts a free study site offering lessons, NCERT-style solutions and practice questions for CBSE, ICSE and Indian state board students, with published material covering CBSE Classes 9-12 and, initially, Class 10 Mathematics and Science chapters. The pages are text-first and designed to load on 3G connections and small screens, carry no advertising and state that they do not track children; sign-in is optional and used only to save progress, and each lesson cites its syllabus source.
Founding story
Saumya Yadav worked as an analytics consultant at Kearney and then at UrbanClap before taking an MBA at Stanford. Her first venture idea, digital advertising placed on vehicles with geo-fencing, was abandoned in 2019 after India's New Motor Act made modifying commercial vehicle height illegal; she offered to return money raised from Stanford-based angels, who chose to stay backing her. She then co-founded Udayy in mid-2019 with Mahak Garg and Karan Varshney.
Business model
During its operating years the company sold live, small-group (3-5 children) online classes in maths and English to parents of primary-school children, supported by a free worksheet app as an acquisition channel. The site now published at udayy.com offers lessons, solutions and practice questions free of charge, without advertising, with optional sign-in for progress tracking.
Traction
Reported figures include over 200 teachers and 130,000 students taught since 2019 launch, more than 10,000 users of the free app, over 400 daily classrooms, a stated retention rate above 97 percent, and a peak of about 5,000 students per month. Inc42 lists revenue of INR 24.5 crore for FY25 against INR 6.0 crore in FY24 and an employee count of 49.
Latest developments
Following the April 2022 wind-down, udayy.com now publishes free CBSE, ICSE and state board study material, starting with CBSE Class 10 Mathematics and Science chapters and following the NCERT textbooks and the rationalised syllabus in force for the 2024-25 academic year, with additional boards being added chapter by chapter.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Operated in India's after-school K-12 edtech market; Alpha Wave Incubation described after-school education for younger age groups as an untapped segment in India and itself as the first institutional investor in the company. Its 2022 closure coincided with a broader downturn for Indian edtech companies, including the shutdown of Lido Learning.
Technology
Live online small-group classrooms with gamified, activity-based instruction, plus a free worksheet app. The current website uses text-first, low-bandwidth pages designed to load on 3G connections and small screens, with no advertising or child tracking and optional accounts for saving progress.
Go-to-market
Children in Grades 1 to 5 (ages about 6-11) and their parents in India for the live-class business; the current site addresses school students in India following CBSE, ICSE and state board curricula, with material published for CBSE Classes 9 to 12.
Geography
Headquartered in Gurugram, Haryana, India, with students drawn from more than 45 cities and towns across India.
History
Founded in 2019 in Gurugram; first angel funding round in June 2019; live classes largely scaled after COVID-19 disrupted offline schooling. A $2.5 million seed round led by Alpha Wave Incubation and Info Edge Ventures was announced in January 2021, and the founders were named to the Forbes 30 Under 30 Asia Consumer Technology list in 2021. A further $10 million round from Norwest Partners was reported in February 2022 (Forbes India cites $10.5 million raised after the seed). In April 2022 the company shut down, laid off its staff and began returning about $8.5 million to investors.
Risks & controversies
The company closed in April 2022 despite holding unspent capital, after concluding there was no viable path to profitability once schools reopened: parents sought refunds, children had less time for online classes and customer acquisition costs rose sharply. The shutdown eliminated roughly 100-120 jobs; the founders said salaries and severance were paid and about $8-8.5 million returned to investors.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 5
launches, deals, and filingsThe company ceased operations in April 2022, laying off its workforce of roughly 100-120 employees. Founders cited an unviable business model after COVID-19 restrictions lifted, rising customer acquisition costs and parent refund requests; about $8-8.5 million was returned to investors and refunds issued to parents.
YourStory reports a $10 million raise from US-based Norwest Partners in February; Forbes India describes a further raise of $10.5 million after the seed round.
$10M source β
Udayy and cofounders Mahak Garg, Karan Varshney and Saumya Yadav profiled on the Forbes 30 Under 30 Asia Consumer Technology 2021 list.
Seed round led by Alpha Wave Incubation (managed by Falcon Edge Capital) and Info Edge Ventures, with participation from Better Capital, Cred founder Kunal Shah and other angels. Proceeds were earmarked for curriculum development, product suite expansion and hiring in product, curriculum and engineering.
$2.5M source β
Udayy launched a free app providing daily practice worksheets for children; Forbes reported it had more than 10,000 users.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 8
primary sources listed
- Udayyudayy.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Udayy do?
- Indian edtech founded in 2019 that ran live small-group maths and English classes for Grades 1-5; it shut down in April 2022.
- Who founded Udayy?
- Udayy was founded by Saumya Yadav.
- Who are Udayy's investors?
- Udayy's investors include Alpha Wave Global, Better Capital, Info Edge, Info Edge Ventures, Norwest Venture Partners.
- How much funding has Udayy raised?
- Udayy has disclosed $2.5M raised across 1 of its 5 known rounds.