Mumbai Angels and Others Invest in Edtech Platform SpeEdlabs
INVESTMENT STARTUP 

Mumbai Angels and Others Invest in Edtech Platform SpeEdlabs

Administrator

With participation from LetsVenture, Ecosystem Ventures, and SucSeed Ventures, AI-based ed-tech platform SpeEdlabs has secured Rs 14.31 crore in a pre-Series A investment round led by Mumbai Angels. The business will use the funds to grow its presence and strengthen its infrastructure, according to the release.

To assist students reach their full potential, SpeEdLabs claims to combine data-driven hyper-personalization, dynamic adaptive learning, algo-driven automated content management, and analytical data visualization.

“As the world moves toward a hybrid type of education, it’s past time for children and students to get instruction adapted to their specific requirements.” “During the Covid closure, pure online teaching was a forced choice,” stated Vivek Varshney, founder of SpeEdLabs.

SpeEdLabs claims it will cross Rs 1.5 crore per month by June 2022, after scaling 10x in product revenues in 18 months and building a funnel of 3000+ clients.

Currently, the platform receives over 2 million questions per month from the SpeEdLabs question suggestion engine, resulting in over 10 million analytical data points per month.

Multiple algorithms use this information to give recommended and curated content to both teachers and students in order to improve learning outcomes.

In comparison to online lecturing/recorded lectures and LMS-based applications, the SpeEdLabs platform provides a full platform with adaptive revision, practice, test, and video content that complements offline lectures to complete the hybrid pedagogy for the unorganized tutoring market.

“The introduction of AI-enabled Platform-as-a-Services solutions have been changing the heretofore disorganised after school tuition sector,” Nandini Mansinghka, Co-Founder & CEO of Mumbai Angels, said of the investment. Given the one-size-fits-all education system in place in India today, there is a huge demand for non-generic learning. We are certain that the innovative technology-driven learning solutions will continue to enrich students’ education and generate future demand for individualised coaching.