Digital training platform in online music and performing arts, Spardha has raised Rs 8 crore in a pre-Series A2 round led by Inflection Point Ventures. The round also saw participation from Mumbai Angels & We Founder Circle.
The funds raised will be utilized for hiring across sales and operation along with product upgrade. The Company will also be spending funds on brand building & 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 5 for beginners to advanced levels of any age. Their futuristic system enables personalized musical journeys for students and trainers in a seamless classroom experience virtually thus effectively bridging the gap of availability, safety and convenience."
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. It was 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 personalized musical journeys for different student personas in a seamless classroom experience virtually. Spardha is rapidly expanding to the US, UK, Australia, Canada & UAE. They have also increased their revenue by 10x in the last 14 months.
Saurabh Srivastav, Founder & CEO, Spardha shares “In my last 12-month journey with IPV, we received seamless support across various critical functions like Branding, Marketing, Product Development and Execution from IPV. IPV has successfully developed an eco-system where an early-stage startup like Spardha can not only get funded but can also get all required support to achieve its goals.”
Spardha has registered around 400+ freelancer teachers in India to support its global delivery model. The industry has a huge untapped potential where the TAM (Total Addressable Market) is estimated to rise to USD 75 billion by 2025. The sector is growing globally at 18.68 percent CAGR b/n 2021-2026.