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Angel Investor (Individual)

Investments

24

Portfolio Exits

5

About Arihant Patni

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Latest Arihant Patni News

Enguru Raises Pre-Series A Round Funding From Group Of Investors

Dec 22, 2022

Live English-language learning app enguru has raised funding from institutional and individual investors including Potencia Ventures, Bisk Ventures, LetsVenture, Ronnie Screwvala and Arihant Patni. Existing investor Dell Foundation also participated in the pre-series A round for the Bangalore-based startup that provides live English classes for young adults and children through their Android apps. This is the first direct investment in India for US-based companies — impact investment firm Potencia Ventures and early-stage venture capital firm Bisk Ventures. Phillip Schmidt has been appointed Director and Advisor. Schmidt was previously the Chief Investment & Strategy Officer at Babbel-one of the highest grossing language apps globally. enguru provides live classes that have grown 30 times since their launch in January 2020. The app currently has over 200,000 monthly live class sessions with more than 18,000 classes and 200+teachers. The funds raised will be used to scale up the live class offering including the launch of a new enguru Kids app focused on conversational and reading classes for children from the ages of 6-16. enguru will also build on a range of new complementary offerings. These include the launch of personalised reading programs in partnership with Penguin Random House and the Upskill from Cambridge English Assessment created in partnership with Cambridge English. With such exciting projects in the pipeline, enguru hopes to continue to grow as a platform and cement its position as the largest live English learning app in India. Speaking about the funding, Arshan Vakil, Founder & CEO of enguru, said, “We are very excited to have Potencia, Bisk,LetsVenture, Ronnie Screwvala & Arihant Patni join us in our journey to make high quality English training affordable and accessible across India. English is a pre-requisite for most jobs in the service industry and young Indians are very often at an unfair disadvantage due to a lack of access to effective training. enguru’s live classes give learners a platform to practice speaking in English through an unlimited subscription model. It’s been tremendous to see our learners spending over 90 minutes a day over a sustained period of time. With these funds we aim to bolster the technology in our live classes to facilitate peer to peer interactions more efficiently. We are also building complementary offerings to help our user’s boost their employability starting with the launch of an AI based English Assessment called Upskill from Cambridge in collaboration with Cambridge English.” Patrick Maloney, Investment Advisor of Potencia Ventures, said “The enguru team has a deep understanding of the need for functional English training for aspiring youth in India. Their offering is tailor made for this requirement and the initial data indicates that they are onto something. We are excited to partner with them.” Share this article:

Arihant Patni Investments

24 Investments

Arihant Patni has made 24 investments. Their latest investment was in Innovist as part of their Seed VC on June 6, 2022.

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Arihant Patni Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/15/2022

Seed VC

Innovist

$3.5M

Yes

2

1/13/2022

Series B

TheMathCompany

$50M

No

16

9/13/2021

Seed VC - II

Bare Anatomy

$2.5M

Yes

5

8/4/2021

Seed VC

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10

11/11/2019

Series A

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$99M

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10

Date

6/15/2022

1/13/2022

9/13/2021

8/4/2021

11/11/2019

Round

Seed VC

Series B

Seed VC - II

Seed VC

Series A

Company

Innovist

TheMathCompany

Bare Anatomy

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Amount

$3.5M

$50M

$2.5M

$99M

New?

Yes

No

Yes

Subscribe to see more

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Co-Investors

Sources

2

16

5

10

10

Arihant Patni Portfolio Exits

5 Portfolio Exits

Arihant Patni has 5 portfolio exits. Their latest portfolio exit was Zapr Media Labs on November 16, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/16/2022

Acquired

$99M

1

8/17/2022

Acquired

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$99M

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10

8/16/2021

Acquired

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$99M

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10

2/9/2021

Acquired

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$99M

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10

9/26/2016

Acq - Talent

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$99M

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10

Date

11/16/2022

8/17/2022

8/16/2021

2/9/2021

9/26/2016

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Talent

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

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