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 utilise the fresh funds to improve its tech platform, enhance brand presence and expand its customer base.
It had earlier raised Rs. 25 lakh as part of its 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.
“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.
Founded in 2020, Inzpira is disrupting how adults learn English and soft skills through its AI-enabled platform where users can conveniently choose their comfortable time to learn and get instantly connected with a trainer.
“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.
