SpeakIn clocks annual recurring revenue of $1.4 million

NEW DELHI: Edtech platform

SpeakIn

is witnessing a high growth rate quarter on quarter with an annual recurring revenue of $1.4 million, the company announced.

SpeakIn is a SaaS-enabled educational technology platform which enables B2B learning from the best of thought leaders, subject matter experts, and CXOs using different formats. The company is driving growth by disrupting traditional training methods and using technology to provide customised and localised learning to business professionals.

“We have more than 18,000 experts drawn from various fields from all over the globe,” said ISB and

Wharton

alumni

Deepshikha Kumar

, founder and CEO at SpeakIn.

The business was set up three years ago in response to a $330 billion global opportunity in B2B EdTech and a dire need for organisations to upskill employees across hierarchies. SpeakIn received $500,000 in seed funding and has been running on an average NPS of 87%.

SpeakIn has a client base of more than 350 clients in eight countries, including among others Samsung, Visa, BCG,

HDFC Ergo

, and Ashok Leyland. The newly launched 1-on-1 expert coaching and mentoring platform is building a captive set of clients where 70% are coming back for a repurchase.

“Technology”, said Kumar, “is our principal growth driver. The system is designed for the user, who gives us inputs, which our AI-enabled system picks up and produces results that match the user’s precise requirements.”