Founded in 2021 by BITS Pilani alumni Sancheti and Harish Uthayakumar, Bengaluru-based startup Bluelearn is set to shut down and return 70% of the capital raised to its investors.
Bluelearn Founders: Harish Uthayakumar & Shreyans Sancheti
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In the unpredictable world of startups, challenges can be overwhelming. Bluelearn, co-founded by Harish Uthayakumar, a BITS Pilani graduate, has decided to close its doors. The company will be returning 70% of the funds raised to its investors, as announced in a recent LinkedIn post by Uthayakumar.
“We have made the difficult decision to shut down Bluelearn and return 70% of the capital we raised back to investors,” Uthayakumar wrote on LinkedIn.
Founded as a Telegram community in 2021, Bluelearn aimed to democratize education and provide opportunities for students from tier-2 and tier-3 colleges to access resources and networks akin to those available at top institutions like BITS or IIT. The platform grew to 250,000 members from over 20 countries.
Bluelearn raised approximately $4 million from notable VCs including 100X, Titan, Elevation, Lightspeed, and various angels. Despite significant efforts to help students secure internships, jobs, and build their own ventures, the startup faced numerous challenges that ultimately led to this decision.
Uthayakumar expressed pride in his team and their achievements, particularly his co-founder Shreyans Sancheti, whom he credits as a major influence during their time at BITS Goa. He acknowledged the emotional weight of this decision and expressed deep gratitude to the community and supporters who were part of Bluelearn’s journey.
As Bluelearn concludes its chapter, the spirit of innovation and the lessons learned will continue to influence Uthayakumar and his team’s future projects.