Speedlabs Raises Rs 14.31Cr In Pre Series A Round

Mumbai Angels and others invest Rs 14.31 Cr in Pre Series A round of Speedlabs, an EdTech Platform

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Mumbai Angels, a platform for private investments, has invested in SpeEdLabs, an AI-based EdTech platforms, as a part of the Pre-Series A funding. The fundraising to the tune of Rs 14.31 Cr, also saw the participation of LetsVenture, Ecosystem Ventures and SucSeed Ventures. SpeEdLabs will direct the freshly infused capital towards expanding its presence and bolstering its infrastructure. 

Having scaled 10x in 18 months in product revenues and a funnel of 3000+ clients, SpeEdLabs is well on its way to crossing Rs 1.5 Cr per month by June 2022. Currently, SpeEdLabs gets over 2m+  questions,recommended by SpeEdLabs Question recommendation engine, practiced on its platform monthly, which provide more than 10m+ analytical data points per month. Multiple algos use this data to provide recommended and curated content to both the teachers and the students so that learning outcomes are optimized. As compared to online lecturing / recorded lectures and LMS based applications, the SpeEdLabs platform offers a comprehensive platform with tools for adaptive revision, practice, test and video content which complement the offline lectures to complete the hybrid pedagogy for unorganized tutoring market.

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