Mumbai Angels, a premium platform for private investments, has invested in SpeEdLabs, one of the leading AI-based EdTech platforms, as a part of the Pre-Series A funding. The fund raise to the tune of INR 14.31 Cr, also saw the participation of LetsVenture, Ecosystem Ventures andSucSeed Ventures. SpeEdLabs will direct the freshly infused capital towards expanding its presence and bolstering its infrastructure.
Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels, said, “The advent of AI-enabled Platform-as-a-Services solutions have been revolutionizing the hitherto unorganized after school tuition market. There is a tremendous demand for the non-generic mode of learning given the one size fits all education system prevalent in India today. We are confident that the unique tech-driven learning solutions will continue to enrich students' learnings and fuel future demand for personalized coaching.”
“As the world gradually moves toward a hybrid model of education, it’s high time children/students receive education personalized as per their requirements. Pure Online Tutoring was a forced-choice during Covid lockdown, but now the Offline classroom model using technology will be the successful hybrid model. SpeEdLabs platform uses data-driven hyper-personalisation, dynamic adaptive learning, algo driven automated content management and analytical data visualization to help students achieve their potential as we bring the best of both worlds. We are also delighted to have marquee investors supporting our journey. Currently present in over 200 cities, enabling 100,000+ students and empowering over 5000 teachers, SpeEdLabs will soon be expanding their presence to 800 cities across 23 states in the country,” said Vivek Varshney, Founder of SpeEdLabs.