Digital music and performing arts education platform, Spardha has raised Rs 8 crore in a Pre-series A2 round led by Inflection Point Ventures.
Spardha is a digital training platform that leverages curated curriculum, certified teachers and technological solutions to offer personalised trainer-assisted online classes. Founded by Saurabh Srivastav, Amrita Srivastav and Rikhil Jain, Spardha uses a proprietary system to hire, up skill and manage teachers professionally.
This system also enables personalised musical journeys for different students in a virtual classroom. The platform is currently expanding to the US, UK, Australia, Canada and UAE with a 10x revenue increase in the last 14 months.
The Pre-series A2 round of funding saw participation from Mumbai Angels and We Founder Circle. The funds raised will be utilised for hiring across sales and operation along with product upgrade. The company will also spend on brand building and marketing to further expand its presence in the global market.
Ankur Mittal, Co-Founder, Inflection Point Ventures says, “Music has always been a therapeutic tool with multiple health and mental benefits such as enabling creativity, productivity, enhancing concentration, relieving stress and much more. Spardha with its digital training platform has been successful in catering to the need of music loving audiences across age groups starting as early as five for beginners to advanced levels of any age. Their futuristic system enables personalised musical journeys for students and trainers in a seamless classroom experience virtually thus effectively bridging the gap of availability, safety and convenience.
He added, “Spardha with its curated curriculum, certified trainers and state-of-the-art technology is expanding rapidly, not only in India but also in the international markets and IPV aims to further extend support to help them achieve their goals.”
Saurabh Srivastav, Founder & CEO, Spardha, shares “In my 12-month journey with IPV, we received seamless support across various critical functions like branding, marketing, product development and execution. IPV has successfully developed an eco-system where an early-stage start-up like Spardha can not only get funded but also get all required support to achieve its goals.”
Spardha has registered around 400+ freelance teachers in India to support its global delivery model. This industry is estimated to rise to $75 billion by 2025 with a CAGR of 18.68% between 2021-2026.
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