Clapingo Secures Pre-Series A Funding to Boost Product and Marketing Efforts
- ByStartupStory | June 14, 2024
Clapingo, an on-demand English tutoring platform, has successfully raised an undisclosed amount in its pre-Series A funding round. The round saw participation from notable investors including comedian and writer Biswa Kalyan Rath, Droom and Shopclues founder Sandeep Aggarwal, comedian and satirist Appurv Gupta, and Foundership HQ.
The newly secured funds will primarily be directed towards enhancing Clapingo’s product, with a key focus on developing the platform’s fluency report system. This enhancement aims to provide customers with prompt and precise feedback, ensuring an improved learning experience.
In addition to product development, Clapingo plans to invest significantly in marketing efforts to attract a larger user base. This strategic push is expected to drive the company’s growth and broaden its impact in the market.
Clapingo was founded in 2021 by Sameer Agrawal and Abhishek KG, with the mission to provide a supportive environment for English language practice, essential for professional success in various linguistic landscapes. The platform offers both peer-led and tutor-led models, allowing learners to connect and practice with each other using an AI teaching assistant, starting from a monthly fee of Rs 999.
Currently active in India and the Middle East, Clapingo has demonstrated impressive growth. The company reported approximately Rs 1.5 crore in revenue in 2021, Rs 8 crore in 2022, and Rs 14 crore in 2023. This year, Clapingo is ambitiously aiming for Rs 80 crore in revenue.
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