Utter, a Chatbot-Based Learning Platform Raises INR 5.5 Cr Investment from Unitus Ventures and Angel Investors

April 29, 2018 Posted by Press Release, Unitus Ventures

Utter aims to provide on-the-job training to over 1 million digital blue collar workers globally by December 2020

27 April 2018, Bengaluru. Utter (formerly known as Sling App), a Pune-based multilingual mobile education platform to improve English and Workplace Skills for India’s digital blue-collar workforce, announced today that it has raised INR 5.5 crore investment from Unitus Ventures (formerly Unitus Seed Fund), India’s leading impact venture fund investing in early-stage startups innovating for the masses and angel investors. With this funding, Utter aims to target 1 million paid learners by December 2020 and expand internationally in USA, Europe and South Asia through telecom and reseller partnerships.

Unitus Ventures’ investment is enabling us to build a strong B2B pipeline of business, globally. We now plan to use a combination of funding and revenues to build an effective base of profitable training mandates from large Institutional customers,” said Ninad Vengurlekar, CEO and Cofounder of Utter.

“We are thrilled to be working with Utter to support their growth. A combination of AI, multilingual chatbots, and packaged content, catering to the exponentially growing digital blue collar workforce worldwide, Utter offers a huge opportunity to achieve global scale with profitable unit economics and social impact,” said Srikrishna Ramamoorthy, Partner at Unitus Ventures.  

Read the complete announcement here>

SaveSaveSaveSaveSaveSaveSaveSaveSaveSaveTags: , , , ,

Related Posts Plugin for WordPress, Blogger...