VC Fund Investments
Edtech co SpeEdLabs raises addl funding from IDF; to close round at $2.5 M
AI-driven hybrid educational technology platform SpeEdLabs has received additional seed funding from India Discovery Fund (IDF), bringing its total round to USD 2.5 million. The other investors in the round include Mumbai Angels, LetsVenture, Ecosystem Ventures, Ah Ventures, SucSeed Ventures and a few family offices. The funds will be used to grow the company's presence and strengthen its infrastructure. Mumbai-based SpeEdLabs claims to have over 3000 B2B Tutorials clients in K-12 and test prep segment across 200+ cities in India. The startup claims to be on track to generate INR 1.5 crore each month from June 2022.
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