Liqvid a Noida based Educational Software Company has raised around $1 million in Series A funding from Gray Matters Capital- a Social Venture Capital Firm.
The funds will be used market and scale up the product, an English language assisted learning software for students and teachers which will help them with basic soft skills and language learning.
It was founded by Vivek Agarwal in 2002. It is a global elearning service provider. It has domain specific expertise in learning support through EnglishEdge- Its flagship product, enterprise learning, custom elearning solutions, elearning technology, blended learning.
Robert Patillo, founder of Gray Matters Capital said,
“Language, especially English, still acts as a huge barrier to learning and job placement for individuals coming from the bottom-of-the-pyramid population across the world. We are happy to be associated with LIQVID, who are making the efforts.”
It claims to have created more than 8,000 hours of elearning content and has tied up with more than 1,600 schools. In the next 3 to 5 years, it plans to tie-up with more than 10,000 centres.
It has put out several projects for organisations including IBM, Motorola, American Express, Hughes, Oracle, BBC Learning, Philips, Standard Chartered Bank and Harcourt.
Other startups in the same segment include Eckovation, Curiositi, MeritNation and players including Sigrid Education, Flipclass and Logicroots.
Other Ed-tech startups raised funding in 2016 include BYJU a Bengaluru based Ed-tech startup raised $50 million funding led by Chan Zuckerberg Initiative. In March 2016, BYJU also raised $75 million from Sequoia India and Sofina. Stoodnt a Palo Alto based Ed-tech startup raised an undisclosed amount of funding from Rajan Anandan- Vice President at Google, Southeast Asia and India.