India Deal Monitor: Entri raises $1.7m from Good Capital and more updates

India Deal Monitor: Entri raises $1.7m from Good Capital and more updates

Kochi-based Entri, a local-language learning app for jobs, has raised an additional $1.7 million as part of its pre-Series A funding round led by early-stage venture capital firm Good Capital, per an announcement.

Other investors that took part in the round include Kashyap Deorah, founder of HyperTrack, and Hari TN, head of human resources at BigBasket, Entri said in a statement.

The startup had raised $1.4 million in February this year in a round led by Good Capital. The latest fundraise marks the close of its pre-Series A round at $3.1 million. It will use the funds to ramp up marketing activities and to produce more content in the coming months.

“Even as ed-tech companies get a lot of attention, the local language markets have been massively underserved. Entri’s attractive economics and rapid growth are a testament to the depth of the untapped opportunity in local language learning,” Arjun Malhotra, partner at Good Capital, said.

Founded in 2017 by Mohammed Hisamuddin and Rahul Ramesh, Entri started by providing a database of questions for government recruitment exams in Malayalam. It recently added languages like Tamil, Kannada, Telugu, and Hindi. The company said it is on track to reach 5 million users in 2020.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from July 19-23, 2020.