India-based Inzpira, an edtech startup that provides language learning and test preparation, raised USD 309K (Rs 2.3 Cr) on 18th November 2021.
Investors: Angel investors Raj Nair, Chairman of Avalon Consulting, and Gopinath Latpate, Executive Director of JLL, led the seed round. Several other investors have also participated in the round, including 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, and Roshan Ajitkumar.
Purpose of funding: With the fresh funds, the startup plans on improving its technology platform, enhancing brand awareness, and expanding its customer base. Additionally, the company is enhancing AI learning to enhance the user experience and accessibility across the platform. Moreover, the startup will expand its reach and expand to other metropolises and marketplaces. At the moment, the startup is focused on language training. Nevertheless, it will focus on professional education in the future to fill the market’s gap.
Founded in 2015 by Rohith Namboothiri and Sruthy Ramesh, Inzpira is located in Trivandrum, Kerala. Inzpira is an online platform that offers AI-powered language and soft skill training, along with test preparation services. Inzpira is a leading provider of IELTS, communicative English (spoken English) and soft-skills training globally. Startup with a single vision of making Inzpira a leading global provider of soft-skills training, spoken English coaching, and IELTS preparation. By offering an AI-enabled platform, the company is changing how adults learn English and soft skills, allowing them to conveniently choose their own learning time and be connected with a trainer immediately. As a brand with a national presence, it has built a nationwide pool of online trainers that provide learning at a user’s convenience.
What the founder has to say
“Working professionals, despite realising the importance of attaining English language proficiency to advance in their career, 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 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 at Inzpira.
What the investor has to say
“I have invested in Inzpira because I found that the promoters have a certain spark in them, besides a mature head on their shoulders. Most of all, they are playing in a large market that is underserved. There is also scope to add more value to customers through additional offerings in the future,” said Raj Nair, Chairman at Avalon Consulting.
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