AI Edtech startup Arivihan is set to raise Rs 95.86 crore or $10 million in a Series A round co-led by existing investors Accel and Prosus. This will be the second fundraise for the two-year-old firm in the past 15 months.According to its regulatory filings accessed byEntrackr, the company’s board has approved the issuance of 4,648 Series A CCPS at an issue price of Rs 2,06,248.06 per share to raise the aforementioned amount. Accel and Prosus will lead the round with an investment of Rs 47.48 crore each. Angel investors Dinesh Chandra Agrawal, Dinesh Gulati, Rajesh Sawhney (Founder and CEO of GSF Accelerator), and Gaurav Kapur collectively will invest around Rs 91 lakh in the round. As perEntrackr’sestimates, Arivihan’s valuation has surged nearly 3.3X to around Rs 570 crore in its Series A round, compared to Rs 171 crore in the previous pre-Series A round. According to the filings, the company plans to use the fresh capital to meet working capital requirements and support its expansion and growth. The Indore-based company previously raised $4.17 million (around Rs 36 crore) in a pre-Series A round led by Prosus and Accel, with participation from GSF Investors. Founded in 2024 by Ritesh Singh Chandel, Sonu Kumar and Rushabh Kothari, Arivihan offers AI-powered personalised learning for students in tier-II cities and rural areas, with coaching, doubt-solving and study plans for Class 12, CBSE and NEET. A Moneycontrol report had earlier said that Arivihan was in talks to raise around $10–12 million in a Series A funding.After the latest allotment, Accel India and Prosus will hold 23.54% and 18.57% stakes, respectively. Meanwhile, Rajesh Sawhney, Dinesh Chandra Agrawal, Dinesh Gulati, and Gaurav Kapur will hold 1.71%, 1.32%, 0.96%, and 0.66% stakes, respectively.The company is yet to file its FY26 financials. In FY25, Arivihan’s revenue jumped nearly 14.8X to Rs 3.14 crore, from Rs 21.29 lakh in FY24, while the company posted a loss of Rs 4.45 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
