Multibhashi Raises Fresh Capital From Existing Investors
Multibhashi, a language learning platform, based in Bangalore and Jaipur, has raised a funding of Rs. 60 lakhs from existing investors Aniruddha Malpani and CIIE Initiatives.
The startup focuses on making language learning simple, easy and enjoyable via its mobile-based interactive application. Starting March 28, 2017, Multibhashi Solutions Private Limited allocated 1284 preference shares priced each at Rs. 10 and a premium of Rs.4664.88 per share.
The startup was successful in raising a seed of Rs. 75 lakhs early in September 2017. In addition to Aniruddha Malpani and CIIE Initiatives, Suresh Chandra Koolwal had also participated in the round.
While early in April 2017 the company had raised a seed of Rs. 1 Lakh where notable investors were Devendra Agarwal and Anuradha Agarwal.
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