Winter Capital, a global growth equity investment firm, led a $22m Series A funding round in Uolo, an edtech platform, with participation from Blume Ventures and Morphosis Venture Capital. “The first wave of edtech companies in India have proven consumer interest in online education. However, they lacked a cost-effective distribution. We believe that there will be a new generation of edtech companies capable of building organic, low-cost distribution, allowing students to study at $10 per year rather than $10 per hour. Our investment in Uolo is based on our confidence in this type of company," Anton Farlenkov, Winter Capital Managing Director.