SpeakX.ai Raises USD 16 Mn to Strengthen AI-Powered English Learning The Pre-Series B round was led by WestBridge Capital with Elevation, Goodwater, and angels Shyamal Anadkat and Ronnie Screwvala participating.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Arpit Mittal, Founder & CEO of SpeakX.ai

SpeakX.ai, a generative AI-powered English speaking platform, has raised USD 16 million in a Pre-Series B round led by WestBridge Capital, with participation from Elevation Capital and Goodwater Capital.

Notable angel investors, including Shyamal Anadkat of OpenAI and Ronnie Screwvala of upGrad, also participated.

Founded in 2023 by Arpit Mittal, the Gurugram-based startup aims to bridge India's spoken English gap by combining artificial intelligence with speech technology. "India does not need another generic edtech app. We are building a truly AI-native language company with the ambition of making SpeakX synonymous with English speaking," said Mittal.

The new funding will fuel product innovation, strengthen the team, and introduce regional language support. Currently, 70 percent of SpeakX's learners are Hindi-speaking, with plans to expand into Telugu, Tamil, Marathi, and Bengali markets over the next year.

Mittal emphasised that while the company's technology is globally ready, the focus remains firmly on India-first growth.

SpeakX claims to have achieved over one million monthly learners, 200,000 paying subscribers, and an annual recurring revenue (ARR) of USD 7.5 million. The startup has been EBITDA-positive since April 2025, generating USD 150,000 in monthly profits and USD 1 million in cumulative EBITDA over five months.

Learners engage with its AI tutor for an average of 15 minutes per session, participating in role-plays that mimic real-life situations such as interviews or workplace discussions.

"English for our users is not just a skill, it is confidence, career, and dignity," Mittal added, underscoring the platform's broader social impact.

SpeakX.ai now aims to reach USD 100 crore in annual EBITDA by 2026 and build a USD 300–400 million business in India within the next few years.

Indian competitors in the AI-driven English learning space include Enguru, ELSA Speak, Orai, and Utter.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
Branding

Creating a Brand: How To Build a Brand From Scratch

Every business needs good branding to succeed. Discover the basics and key tips to building a successful brand in this detailed guide.

By John Williams
Innovation

It's Time to Rethink Research and Development. Here's What Must Change.

R&D can't live in a lab anymore. Today's leaders fuse science, strategy, sustainability and people to turn discovery into real-world value.

By Anantha Desikan
Marketing

How to Better Manage Your Sales Process

Get your priorities in order, and watch sales roll in.

By Tony Parinello
Business News

AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost.

In a new interview with Entrepreneur, Nvidia's Vice President of AI Software, Kari Briski, explains how AI agents will "transform" the way we work — and sooner than you think.

By Sherin Shibu
Starting a Business

Passion-Driven vs. Purpose-Driven Businesses — What's the Difference, and Why Does It Matter?

Passion and purpose are both powerful forces in entrepreneurship, but they are not the same.

By Athalia Monae