When most edtech startups are struggling to find funding, SpeakX.ai has managed to raise $16 million (₹142 crore) in a round led by WestBridge Capital, with participation from Goodwater Capital, Elevation Capital, and angels like Shyamal Anadkat (OpenAI) and Ronnie Screwvala (upGrad). The reason for investor confidence is simple, SpeakX has found a clear product-market fit in a space that’s both large and under-served: spoken English learning for India’s mass audience.
Unlike traditional edtech models that depended heavily on live classes and marketing spends, SpeakX uses AI-powered one-on-one conversation simulations to help users improve pronunciation, fluency, and tone all at a low subscription cost. This gives it scalability and profitability.
The company’s pivot from YellowClass (a hobby learning platform) to SpeakX.ai in 2023 was a turning point. Founder Anshul Mittal rebuilt the business with a 90% smaller team, focused entirely on AI-driven learning, and quickly turned profitable. SpeakX today records ₹5 crore in monthly revenue, ₹1.5 crore in profit, and has over 2 lakh paying subscribers.
Its decision to switch from OpenAI’s API to Google Gemini further improved performance, making interactions faster and more adaptive. With regional language support coming soon Tamil, Telugu, Malayalam, and Marathi. SpeakX is aiming for mass adoption beyond English-speaking metros.
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