ENTSTUDY, a Chinese startup that connects parents to after-school tutors, has raised RMB 120 million (approximately US $18.2 million) in a Series C round led by Greenwoods Investment. Existing investors Tencent and Yuanxi Capital also participated. The company, whose Chinese name means “mad teacher,” will use the funding to build a live streaming tutoring platform. Entstudy, according to the Chinese press release, claims it will make more than RMB 60 million in revenues this year. More details from TechNode.
