Kochi-based Entri, a local-language learning app for jobs, has raised an additional $1.7 million as part of its pre-Series A funding round led by early-stage venture capital firm Good Capital, per an announcement.
Other investors that took part in the round include Kashyap Deorah, founder of HyperTrack, and Hari TN, head of human resources at BigBasket, Entri said in a statement.
The startup had raised $1.4 million in February this year in a round led by Good Capital. The latest fundraise marks the close of its pre-Series A round at $3.1 million. It will use the funds to ramp up marketing activities and to produce more content in the coming months.
“Even as ed-tech companies get a lot of attention, the local language markets have been massively underserved. Entri’s attractive economics and rapid growth are a testament to the depth of the untapped opportunity in local language learning,” Arjun Malhotra, partner at Good Capital, said.
Founded in 2017 by Mohammed Hisamuddin and Rahul Ramesh, Entri started by providing a database of questions for government recruitment exams in Malayalam. It recently added languages like Tamil, Kannada, Telugu, and Hindi. The company said it is on track to reach 5 million users in 2020.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from July 19-23, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Entri||Kochi||1.7 million||Pre-Series A||Good Capital||HyperTrack Founder Kashyap Deorah, Hari TN, Head of HR at BigBasket||Education/Training||EdTech|
|Gigforce||Bengaluru||802139||-||Unitus Ventures||-||Software||HR Tech|
|StyleDotMe||Gurugram||467761||Pre-Series A||Survam Partners||Bobby Kothari, Director, Jewelex, IAN (Indian Angel Network)||Software||AR/VR|
|Finin||Bengaluru||-||Pre-Series A||Unicorn India Ventures||PointOne Capital, Astir Ventures||Financial Services||Digibank|
|Vegrow||Bengaluru||2.5 million||Seed||Matrix Partners India, Ankur Capital||Better Capital, Titan Capital, Sanjiv Rangrass, Rohit MA||Agribusiness||AgTech|
|leap.club||Gurugram||-||-||Titan Capital, Ankita Vashistha||-||Internet||Internet of Things|
|Bijnis||Delhi||10 million||Series A||Matrix Partners India, Sequoia Capital India||InfoEdge, Waterbridge Ventures||Retail||E-commerce|
|CloudWorx Technologies||Bengaluru||-||Seed||LetsVenture, Faad Network, AppyHigh Technology LLP||-||Software||Internet of Things|
|iNurture Education||Bengaluru||1.34 million||Debt||BlackSoil Capital||-||Education/Training||EdTech|
|PlayShifu||Bengaluru||4.4 million||Series A||Trifecta Ventures Debt Fund II||Inventus III India Fund, Bharat Innovation Fund, Chiratae Ventures, Vistra ITCL, Survam Partners LLP, Abhinav Daga||Electronics||EdTech|
|Sibros||Pune/US||12 million||Series A||Nexus Venture Partners||Moneta Ventures, Twin Ventures||Automobiles Other Vehicles & Parts||-|
|Jodo||Bengaluru||3.8 million||Series A||Matrix Venture Partners, SAIF Partners||Amit Rajan, Nithin Kamath, Sarthak Misra, Kunal Shah||Financial Services||Fintech|