India, Nov. 14 -- Edtech startup Codeyoung has secured $5 Mn (INR 44.4 Cr) in its Series A round, led by Blue Tokai-backer 12 Flags Group and Enzia Ventures.

Cofounder Shailendra Dhakad told Inc42 that the round was an equal mix of primary and secondary infusion, with the secondary component providing exit to early investor Guild Capital.

The startup plans to use the fresh capital to expand presence in its existing international markets, especially in the US and Canada. A part of the funds will also be used to build AI-driven personalisation tools and introduce new learning categories.

Founded in 2020 by Dhakad and Rupika Taneja, Codeyoung offers one-on-one online coaching for 5-17 age groups on subjects like math, English, coding, and...