Digital audio platform Khabri has said that it has raised $2.1 million in pre-Series A financing round. The round also saw participation from Pioneer Fund, Liquid 2 Ventures, Rebel Fund, Siqi Chen, Edward Lando, Shailesh Rao, among others.
Speaking on the announcement, Pulkit Sharma, Co-founder and CEO of Khabri, commented, “Around 850 million Indians below the age of 35 are looking at financial stability. This is achievable via learning, upskilling, and upgrading in the language of their comfort. What better way to do it than through audio, a medium that is completely non-intrusive.”
Pulkit further said, “As a leading digital audio content platform in a local language, Khabri has been instrumental in creating an influencer-user ecosystem for Hindi language speakers, so far, aiming at adding multiple languages soon with the new influx of funds. Our app is playing a pivotal role in providing learners with more passive learning opportunities, and teachers to get a bigger outreach. Khabri users have also been enjoying seamless access to content even in areas with weaker internet bandwidth.”
Jared Heyman, Managing Partner of Rebel Fund, continued, “We’re excited to be early investors in Khabri. My partner, Steve Huffman, Co-founder of Reddit, met the Khabri founding team in March 2021 and noted how impressed he was with their early user traction, fast growth, and strong app store ratings. We feel the company is poised for significant further growth and look forward to supporting it along the way.”
“I have been a big believer in the power of audio to expand access to digital services. And now I can say that I have found the team and the company that is delivering on that promise in Khabri. Pulkit and Sandeep are product-first founders, who have built a vernacular first audio platform that gives all Indians access to a path to employment and a better quality of life by focusing on skill development and access to jobs,” added Shailesh Rao.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.