Jaipur-based Intap Labs, which runs online language learning platform CultureAlley, has raised an undisclosed amount in funding from KAE Capital, the Mumbai-based early stage investor, reports Mint. The firm has picked up a minority stake in the company, said the report.
Founded in 2012 by Nishant Patni and Pranshu Bhandari, CultureAlley uses live videos for one-on-one student-teacher interactions. Students can learn Punjabi, Spanish, Hindi, Mandarin or French and currently offers free self-study modules to start off. Each live lesson costs a minimum of $15 or $20, depending on the package, and individual lessons last for 60 minutes. The platform enables students to connect with teachers in India and overseas and there is a money-back option if students are not satisfied with their lessons.
KAE Capital, founded by former BlueRun Ventures India head Sasha Mirchandani, raised its debut fund with a $25 million corpus in March last year. The firm is backed by larger venture capital firms Sequoia Capital, SAIF Partners and Omidyar Network, among other investors. It typically plays in the pre-Series A stage, with per deal ticket sizes pegged at between $200,000 and $500,000. Some of the investments it has made since raising the fund include storage software startup CloudByte, career assessment platform My Talent, and apps development platform ShepHertz.
Image credit: CultureAlley
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