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On-demand English tutoring platform Clapingo raises pre-Series A round

EntrackrEntrackr · 1y ago
On-demand English tutoring platform Clapingo raises pre-Series A round
Medial

Clapingo, an on-demand English tutoring platform, has raised an undisclosed amount from notable investors including Biswa Kalyan Rath (comedian and writer), Sandeep Aggarwal (Droom and Shopclues) and Appurv Gupta (comedian and satirist) and Foundership HQ. The proceeds will be used to enhance Clapingo’s product, specifically to develop the fluency report system on the platform, ensuring customers receive prompt and precise feedback. According to the company, the funds will also be invested in marketing efforts to attract more users and significantly expand the user base, driving the company’s growth and impact in the market. Founded in 2021 by Sameer Agrawal and Abhishek KG, Clapingo is an English learning platform providing a supportive environment for practice, essential for professional success in diverse linguistic landscapes. Offering peer-led and tutor-led models, Clapingo enables learners to connect and practice with each other using an AI teaching assistant starting from a monthly fee of Rs 999. Clapingo is currently active in India and the Middle East and claims to have achieved approximately Rs 1.5 crore in revenue in 2021, Rs 8 crore in 2022, and Rs 14 crore in 2023. This year, Clapingo is aiming for Rs 80 crore in revenue.

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Startup news and updates: Daily roundup (June 11, 2024)

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Startup news and updates: Daily roundup (June 11, 2024)
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Healthtech startup C3 Med-Tech has secured its first equity investment from Industrial Metal Powders. The funding will be used to launch telemedicine and AI-driven devices for detecting eye diseases, expanding the company's presence, and conducting research and development. BlackSoil has invested over Rs 40 crore in JCB Salons India to support acquisitions and business expansion. Clapingo, an on-demand English tutoring platform, has raised an undisclosed amount of funding to enhance its product and attract a wider user base. Blockchain for Impact and UNICEF have partnered to support India's Universal Health Coverage initiatives. L&T Technology Services and IIT Hyderabad have formed a partnership to advance research in ADAS and CV2X technologies.

Stimuler raises $3.75 Mn in pre-Series A round led by Lightspeed

EntrackrEntrackr · 2m ago
Stimuler raises $3.75 Mn in pre-Series A round led by Lightspeed
Medial

Stimuler, an AI-driven spoken English learning platform, has raised $3.75 million in its pre-Series A round led by Lightspeed and SWC Global. MVP, Rebright, Force Ventures, GradCapital, and Operators Studio have also participated. The proceeds will be used to enhance its AI infrastructure, expand its technical team, and grow its presence in global markets, particularly in Latin America and Southeast Asia. Stimuler aims to increase monetization fivefold over the next 12 to 18 months. Stimuler offers a voice-first tutor for English-as-a-second-language (ESL) users. The app claims to have recorded over four million installs and has more than 45,000 paying users across Android and iOS. A majority of its users are based outside India, with significant adoption in Indonesia and other markets. Its platform provides users with real-time feedback on fluency, pronunciation, vocabulary, and grammar. The firm serves users in over 175 countries.

B2B mobility startup DriverShaab raises pre-Series A round

EntrackrEntrackr · 3m ago
B2B mobility startup DriverShaab raises pre-Series A round
Medial

B2B mobility startup DriverShaab raises pre-Series A round Business-to-business (B2B) mobility solutions provider DriverShaab has raised Rs 2.82 crore in a pre-Series A funding round co-led by Firstport Capital and Inflection Point Ventures (IPV). The Kolkata-based company had previously raised $39.8K from IIMCIP and others. The proceeds will be utilized to scale its driver aggregation platform, enhance operational excellence, and strengthen technology infrastructure, DriverShaab said in a press release. Founded in 2019 by Avijit Das, DriverShaab offers on-demand driver services, logistics support, and employee transportation solutions for businesses. The startup leverages technology to streamline driver aggregation, making operations more reliable and efficient for enterprises across industries. According to market research, India's mobility market is valued at $900 million. DriverShaab leverages technology to streamline driver aggregation, ensuring seamless deployment, reduced downtime, and enhanced service reliability. The platform simplifies the driver aggregation model and is built to streamline fleet operations for businesses. The company aims to create seamless, tech-driven solutions that address the unique challenges of driver services. DriverShaab addresses driver supply challenges, operational inefficiencies, and fleet management complexities through its tech-driven approach. Currently, it has facilitated transactions worth Rs 26 crore since its inception, demonstrating strong demand and adoption of its platform.

Quickwork, a no-code automation and API integration platform, raises $2.5M led by DMI Alternative Investment Fund

Startup News FYIStartup News FYI · 1y ago
Quickwork, a no-code automation and API integration platform, raises $2.5M led by DMI Alternative Investment Fund
Medial

Quickwork, a Mumbai-based startup specializing in no-code automation and API integration, has raised $2.5 million in a pre-series A2 funding round led by DMI Alternative Investment Fund – The Sparkle Fund and NIS Ventures Group. Quickwork's platform enables businesses to automate workflows and integrate applications without extensive technical knowledge. The funding will support innovation, platform enhancement, research and development, user experience improvement, hyper-scaling cloud DevOps infrastructure, market expansion, strategic partnerships, and meeting the growing demand for automation solutions. The company serves customers in 145 countries, including Freshworks, Cipla, and Axis Bank.

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