Entri.app, an e-learning platform, announced on Wednesday that it has raised $7 million (about Rs 53 crore) in a funding round led by impact investor Omidyar Network India.
The app offers local language lessons on skills development for growth in the private sector and cracking exams for government jobs.
Funds raised will be used for content development in existing and new languages, senior executive hires and strategic acquisitions to accelerate growth, Entri.app said in a statement.
Boston-based Innospark Ventures and Integrated Capital, a Hong Kong-based private equity fund, also participated in the round along with Pinterest and Coinbase board member Gokul Rajaram and venture fund partner Sriram Krishnan. venture capitalist Andreessen Horowitz (A16Z), It said.
At present, the app launched in 2017 has 8 million registered users and 2.50 lakh paid subscribers who take the over 500 courses offered in Malayalam, Tamil, Kannada, Telugu, Hindi, Marathi, Bengali and odiya.
So far, more than 25,000 of its subscribers have passed a government employment exam.
“Millions of young learners across the country are looking to acquire skills so that they can obtain employment in the private or public sector or become self-employed. These learners need solutions that are contextualized for them, i.e. say the offer is in the local language, affordable, range of courses they can choose from,” Omidyar Director Sarvesh Kanodia said.
Its founder and managing director, Mohammed Hisamuddin, said the app focuses on the 40-crore non-English speaking segment in the 18-35 age bracket.
“We believe that with the right kind of training and learning in their mother tongue, they can improve their chances of employability and increase their earning power,” he said, confident it could have an impact. over 4 million lives over the next three years.