Edtech Platform Inzpira raises INR 2.3 crore led by Angel Investors
Inzpira, an AI-enabled on-demand live language learning and soft skills training platform, has raised Rs. 2.3 crore in its seed round, according to a statement released today. Angel investors Raj Nair, chairman of Avalon Consulting, and Gopinath Latpate, executive director of JLL, spearheaded the current round.
Arvind Kapil (HDFC Bank's country head of retail financing), Yash Chamria (Joint VP, Piramal Capital), Naveen Raju (executive director, TIE Mumbai), Ajay Nayar (associate partner, IBM), P Sreekumar, Vedika Thorat, Abdul Gafoor, Jyoti Rahul Devjani, Dipen Shah, Vikas Sisodiya, Pankaj Ramachandran, Roshan Ajitkumar are the investors who joined the funding round.
The firm intends to use the additional capital to improve its technology platform, strengthen its brand, and expand its customer base.
It has previously raised Rs. 25 lakh from 100X.VC in March 2021 as part of its class 04 cohort's pre-seed round. To date, the startup has raised Rs. 2.55 crore.
“As the first institutional investors in Inzpira, we believe that the founders have built a robust and scalable business model. There is a huge demand for language learning and soft skills in India and across the world, and Inzpira is well poised to tap into this burgeoning market,” said Ninad Karpe, partner, 100X.VC.
Inzpira, which was founded in 2020, is changing the way people learn English and soft skills with its AI-enabled platform, which allows users to study at their own pace and connect with a trainer quickly.
“Working professionals, despite realising the importance of attaining English language proficiency to advance in their career, simply cannot find time to join a programme due to their busy work schedule and other commitments. We are building a platform that provides on-demand live, individual language training where users can learn anytime according to their convenience, as easy as booking a cab or ordering food. We intend to revolutionise the language learning sector by giving both adults and kids an immersive learning experience by enabling them to practice and learn from hundreds of trainers,” said Rohith Namboothiri, co-founder, and CEO, Inzpira.
Arvind Kapil (HDFC Bank's country head of retail financing), Yash Chamria (Joint VP, Piramal Capital), Naveen Raju (executive director, TIE Mumbai), Ajay Nayar (associate partner, IBM), P Sreekumar, Vedika Thorat, Abdul Gafoor, Jyoti Rahul Devjani, Dipen Shah, Vikas Sisodiya, Pankaj Ramachandran, Roshan Ajitkumar are the investors who joined the funding round.
The firm intends to use the additional capital to improve its technology platform, strengthen its brand, and expand its customer base.
It has previously raised Rs. 25 lakh from 100X.VC in March 2021 as part of its class 04 cohort's pre-seed round. To date, the startup has raised Rs. 2.55 crore.
“As the first institutional investors in Inzpira, we believe that the founders have built a robust and scalable business model. There is a huge demand for language learning and soft skills in India and across the world, and Inzpira is well poised to tap into this burgeoning market,” said Ninad Karpe, partner, 100X.VC.
Inzpira, which was founded in 2020, is changing the way people learn English and soft skills with its AI-enabled platform, which allows users to study at their own pace and connect with a trainer quickly.
“Working professionals, despite realising the importance of attaining English language proficiency to advance in their career, simply cannot find time to join a programme due to their busy work schedule and other commitments. We are building a platform that provides on-demand live, individual language training where users can learn anytime according to their convenience, as easy as booking a cab or ordering food. We intend to revolutionise the language learning sector by giving both adults and kids an immersive learning experience by enabling them to practice and learn from hundreds of trainers,” said Rohith Namboothiri, co-founder, and CEO, Inzpira.
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