EdTech Inzpira platform raises Rs 2.3 Cr during fundraising – India Education | Latest Education News | Global education news
New Delhi: Inzpira, a live and on-demand language learning platform for adults and children, announced that it had raised Rs. 2.3 crore as part of its seed cycle. The current round was led by angel investors Raj Nair, president of Avalon Consulting, and Gopinath Latpate, executive director of JLL.
Other investors who joined the round include Arvind Kapil (Country Head – Retail Lending, HDFC Bank), 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, Akshar Panchmia, Dipen Shah, Vikas Sisodiya, Manish Manoj, Mannan Manoj, Michael Samuel, Pankaj Ramachandran, Roshan Ajitkumar.
The startup plans to use the fresh funds to improve its technology platform, strengthen the brand’s presence and expand its customer base.
Inzpira had previously raised Rs 25 lakh as part of her pre-seed round from 100X.VC in March 2021 and was part of their Class 04 cohort. The startup has raised Rs. 2.55 crore to date.
Ninad Karpe, Partner, 100X.VC said: âAs the first institutional investors in Inzpira, we strongly 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 around the world and Inzpira is well positioned to tap this growing market.
Founded in 2020, Inzpira is disrupting the way adults learn English and soft skills with its AI-enabled platform where users can easily choose their comfortable time to learn and instantly connect with a trainer.
Being trainers themselves, the founders realized that language learning requires constant interactions with people who speak the language. You cannot learn by interacting with a single tutor for a few weeks or a few months.
The only alternative is a group training program that takes place on a set schedule, which presents a challenge for working professionals. This is where Inpira comes in. Having a pan-Indian presence, the brand has built a strong pool of online trainers across the country that allows users to learn at a time of their choosing.
Commenting on the fundraiser, Rohith Namboothiri, Co-Founder and CEO of Inzpira, said: âWorking professionals, although they realize the importance of mastering English to advance in their careers, simply cannot find time to join a program due to their busy work schedule. and other commitments. At Inzpira, we are building a platform that offers on-demand, one-on-one live language training where users can learn anytime at their convenience, as easy as booking a taxi or ordering food. We intend to revolutionize the language learning industry by providing adults and children with an immersive learning experience by allowing them to practice and learn from hundreds of trainers.
Adding further, Raj Nair, President of Avalon Consulting, said: âI invested in Inzpira because I have found that developers have a certain spark in them, besides a mature head on their shoulders. Above all, they play in a large, underserved market. It is also possible to add more value to customers through additional offers in the future. “
Inzpira is currently available and serves thousands of users in India, United Arab Emirates, Saudi Arabia and Qatar.