Online learning platform Entri.app on Feb 16 said, it has raised $7 million (about Rs 53 crore) in a funding round led by impact investor Omidyar Network India.
Boston-based Innospark Ventures and Integrated Capital, a Hong Kong-based private equity fund, also participated in the round along with Gokul Rajaram, a board member of Pinterest and Coinbase, and Sriram Krishnan, a partner at venture capital fund Andreessen Horowitz (A16Z), it said.
The funds raised in this round will be utilized for content development across existing and new languages, senior-level hiring, and strategic acquisitions to accelerate Entri’s growth.
Launched in 2017 by Mohammed Hisamuddin and Rahul Ramesh, the app offers local language courses on upskilling for growth in the private sector and cracking exams for government jobs. The startup said it has more than 8 Mn registered users with over 250K paid subscribers. It offers 500+ courses in eight languages including Malayalam, Tamil, Kannada, Telugu, Hindi, Marathi, Bengali, and Odiya. Till now, over 25,000 of its subscribers have cracked a government job exam.
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The startup said some of its most popular course categories include: coding, personal finance, spoken English, state PSC exams, nursing certifications, teacher exams among others.
“Millions of young learners across the country are looking to get skilled so they can get a job either in the private or public sector or become self-employed. These learners need solutions that are contextualized for them, i.e., the offering is in the local language, affordable, range of courses they can choose from,” Omidyar’s principal Sarvesh Kanodia said.
“Entri.app is focused on the non-English speaking segment in India which has over 40 crore people in the age group of 18-35. We feel that with the right kind of training and learning in their mother tongue, they can improve their employability chances and increase earning capabilities. We are focused on this segment and firmly believe we can impact more than 4 crore users’ lives in the next 3 years with the kind of headstart we have got,” said Mohammed Hisamuddin, founder and CEO of Entri.app.
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