SplashLearn raised $18 million in funding.

Game-based learning firm SplashLearn, led by Owl Ventures and current investor Accel, has raised $18 million in Series C funding.

Established in 2010, SplashLearn provides Math for Pre-K to Class 5 and reading for Pre-K to Class 2 by four IIT-Kharagpur alumni. It adapts to the learning potential of each child and allows them to master skills at their own rate, the company said.

It has 40 million registered users from over 150 countries, SplashLearn said.

At its Gurugram headquarters, the firm hires 230 staff and aims to double the team this year.

SplashLearn saw a nearly 3x increase in adoption with the advent of the Covid-19 pandemic last year and added more than 10 million students. The majority of the company’s consumer base is in the United States, followed by the United Kingdom and Australia—used in 30 percent of US schools.

The business aims to use the funds to scale up its newly launched vertical tutoring and further improve the department of research and development.

“Our aim is to make India’s largest global market enterprise for learning,” said Arpit Jain, co-founder, and CEO.”