Mumbai-based Languify, a B2B SaaS startup that provides interactive AI-based solutions to businesses, has raised $180,000 in a Seed funding round to build its core team for product development and growth realizing the $1.5 million of LOIs generated.
The round was led by Titan Capital—VC arm of Rohit Bansal and Kunal Bahl, Smile group led by Manish and Ramit Arora, Goel family fund led by Hitesh Bindal, Pawan and Vishwas Goel, Alsisar Impact led by Anuj Sharma, CIIE led by Chintan Bakshi, Bewise CEO Sethu Raman, JS Partner Anand Lakra, and Mridula Chettri, CEO of Inmovidutech. Sourabh Chourasia and Arjun Mallya also participated in the round.
Lokap, Shivam and Mohak Sahu co-founded Languify in January 2021. The startup provides interactive AI-based solutions to businesses by automating their human-led learning workflows at 1/10th of the cost and time (like automating homework, quizzes, screening candidates and mock interviews) for edtech and HR tech domains.
According to the company’s statement, Businesses earn more revenue and save more operations costs with Languify resulting in $1.5 million LOIs and a rich pipeline of clients (73 MoUs signed) looking to cut costs while increasing their product’s value proposition.
The startup said it has deployed with Apli, Skilledge, Cipher school, etc., and is in talks with UpGrad, and Harappa, among others to integrate the application.
According to the founders, their clients get more than Rs 100 worth of value for every rupee they spent with Languify. With such an advantageous proposition in these recession-like times, businesses especially ed-tech/HR Tech companies are jumping on to collaborate with the platform.
“We are grateful for the trust our investors has shown in Languify & the team. With the funds received, we are looking forward to expand our team and scale our technology to the best. We are also looking forward to establishing early tractions, revenues and scaling the product,” said Lokap Sahu, Founder & CEO of Languify.
Commenting on the investment, Bipin Shah, Partner at Titan Capital, said, “With this investment, we hope to help Languify scale their solution for students and professionals across India that are struggling with language and self-confidence. Languify is going to be a very important tool in helping the youth and setting them on par with everyone else worldwide.”
Source @Indianstartupnews
