share

Clapingo Secures Investment for Product Development and User Growth

Clapingo Secures Funding
Preeti Bali / 6:51 am / June 12, 2024

Clapingo, a company that provides on-demand English tutoring services, has recently secured funding from a group of notable investors. The exact amount of the investment remains undisclosed.

This round of funding included contributions from Biswa Kalyan Rath, a well-known comedian and writer, Sandeep Aggarwal, the founder of Droom and Shopclues, Appurv Gupta, a comedian and satirist, and Foundership HQ, an investment firm.

Investment Boosts Product Development and User Acquisition

Clapingo plans to utilize the newly acquired funds to enhance its core product offerings. A key area of focus will be the development of a comprehensive fluency reporting system. This system will provide learners with prompt and insightful feedback on their progress, allowing them to track their improvement over time.

In addition to product development, Clapingo also intends to allocate a portion of the investment towards marketing initiatives. These efforts aim to attract a wider audience and significantly expand the platform’s user base. By increasing its user base, Clapingo hopes to solidify its position within the English language learning market and achieve substantial growth.

Clapingo: Fostering a Supportive Learning Environment

Established in 2021 by Sameer Agrawal and Abhishek KG, Clapingo has carved a niche in the English learning landscape. The platform prioritizes creating a supportive environment where learners can actively practice their spoken English skills. This practice-oriented approach is considered crucial for professional success in today’s globalized world, where effective communication across diverse linguistic backgrounds is paramount.

Clapingo’s Growth Trajectory

Clapingo offers learners a flexible learning experience. They can choose between peer-led or tutor-led instruction, with the additional support of an AI teaching assistant. Subscriptions to the platform start at an affordable monthly fee of Rs 999.

Currently operational in India and the Middle East, Clapingo has experienced significant revenue growth. The company reports earning approximately Rs 1.5 crore in 2021, Rs 8 crore in 2022, and Rs 14 crore in 2023. Building on this momentum, Clapingo has set an ambitious revenue target of Rs 80 crore for the year 2024.

 

More Stories