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Norwest set to lead $10-M round in edtech startup Udayy

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Gurugram-based edtech startup Udayy is in advanced stage talks to finalise an investment round from new and existing investors. The USD 10 million round is likely to be led by Norwest, with participation from existing backers. Udayy had raised a USD 2.5 million seed round a year ago. Its existing investors include Falcon Edge's Alpha Wave, Info Edge, Better Capital and CRED founder Kunal Shah. Two-year-old Udayy is a live learning platform for kids between LKG to grade 8 which enables them to practise and develop their mathematical and analytical thinking.