Online music education startup Spardha has raised Rs 8 crore in its pre-Series A2 round led by Inflection Point Ventures. The round also saw participation from Mumbai Angels and We Founder Circle.
The funds raised will be utilized for hiring across sales and operation along with product upgrades. The startup will also be spending funds on brand building and marketing to further expand its presence in the global market.
Founded by Saurabh Srivastav, Amrita Srivastav and Rikhil Jain, Spardha is a digital training platform that leverages curated curriculum, certified trainers and cutting-edge technology to offer personalized trainer-assisted online lessons to learners.
The firm uses a proprietary system to hire, up skill and manage teachers professionally. This system also enables personalized musical journeys for different student personas in a seamless classroom experience virtually.
Spardha has registered over 400 freelancer teachers in India to support its global delivery model. The company claims that its platform is rapidly expanding to the US, UK, Australia, Canada and UAE and it also increased its revenue by 10-folds in the last 14 months.