About SpeedLabs
SpeedLabs is a company based in Mumbai (India) founded in 2015 by Praveen Gadelli, Harsh Singh, and Vivek Varshney.. SpeedLabs has raised $8.77 million across 13 funding rounds from investors including Mumbai Angels, LEO 1 and LetsVenture. The company has 1 employees as of March 30, 2024. SpeedLabs offers products and services including Learning App, Online Tutoring, and Coding Courses. SpeedLabs operates in a competitive market with competitors including Vedantu, GoStudent, Ruangguru, Varsity Tutors and Filo, among others.
- Headquarter Mumbai, India
- Employees 1 as on 30 Mar, 2024
- Founders Praveen Gadelli, Harsh Singh, Vivek Varshney
- Stage Minicorn
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Teevra Edutech Private Limited
- Date of Incorporation 29 Jul, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$718.17 K (USD)17.89as on Mar 31, 2023
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Net Profit
$-1.57 M (USD)-0.35as on Mar 31, 2023
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EBITDA
$-1.18 M (USD)3.94as on Mar 31, 2023
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Total Equity Funding
$8.77 M (USD)
in 13 rounds
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Latest Funding Round
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Investors
Mumbai Angels
& 151 more
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Employee Count
1
as on Mar 30, 2024
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Products & Services of SpeedLabs
SpeedLabs offers a comprehensive portfolio of products and services, including Learning App, Online Tutoring, and Coding Courses. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered app for personalized practice and adaptive learning.
Interactive classes for doubt clearing and concept revision.
Age-specific programs for coding and tech education.
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Sales and Marketing
4 people
Business Team
1 people
Founder Team
1 people
General Team
1 people
Operations Team
1 people
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Funding Insights of SpeedLabs
SpeedLabs has successfully raised a total of $8.77M across 13 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Last Round
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First Round
First Round
(29 Mar 2016)
- Investors Count 152
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Seed - SpeedLabs | Valuation | VentureSoul |
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| Mar, 2025 | Amount | Seed - SpeedLabs | Valuation |
investors |
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| Apr, 2024 | Amount | Seed - SpeedLabs | Valuation | Bay Capital , 35 North Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SpeedLabs
SpeedLabs has secured backing from 152 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mumbai Angels, LEO 1 and LetsVenture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on pre-series A to series A stage companies
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Founded Year | Domain | Location | |
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Investment and strategic support for startups are provided by Ecosystem Ventures.
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Founded Year | Domain | Location | |
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Sector agnostic VC arm investing in early-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SpeedLabs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SpeedLabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Speedlabs Comparisons
Competitors of SpeedLabs
SpeedLabs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vedantu, GoStudent, Ruangguru, Varsity Tutors and Filo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live interactive K-12 tutoring platform is provided online.
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| domain | founded_year | HQ Location |
Provider of online tutoring platform for K-12 students
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| domain | founded_year | HQ Location |
Self-learning solutions are delivered via an online education platform.
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| domain | founded_year | HQ Location |
Live online tutoring and test prep platform is operated.
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| domain | founded_year | HQ Location |
On-demand one-to-one tutoring is connected between students and tutors.
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| domain | founded_year | HQ Location |
A social learning platform is provided for students worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Speedlabs
Frequently Asked Questions about SpeedLabs
When was SpeedLabs founded?
SpeedLabs was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is SpeedLabs located?
SpeedLabs is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of SpeedLabs?
Vivek Varshney is the current CEO of SpeedLabs. They have also founded this company.
Is SpeedLabs a funded company?
SpeedLabs is a funded company, having raised a total of $8.77M across 13 funding rounds to date. The company's 1st funding round was a Seed of $251.87K, raised on Mar 29, 2016.
How many employees does SpeedLabs have?
As of Mar 30, 2024, the latest employee count at SpeedLabs is 1.
What is the annual revenue of SpeedLabs?
Annual revenue of SpeedLabs is $718.17K as on Mar 31, 2023.
What does SpeedLabs do?
SpeedLabs was established in 2015 and is based in Mumbai, India. Operations focus on the education technology sector, where a digital platform is maintained for K-12 students. Online tutorials, video lessons, educational resources, AI-generated practice questions, and analytics tools are delivered to facilitate academic support. The platforms features enable tracking of student progress in a structured online environment.
Who are the top competitors of SpeedLabs?
What products or services does SpeedLabs offer?
SpeedLabs offers Learning App, Online Tutoring, and Coding Courses.
Who are SpeedLabs's investors?
SpeedLabs has 152 investors. Key investors include Mumbai Angels, LEO 1, LetsVenture, Bay Cap, and Lepton Software.
What is SpeedLabs's valuation?
The valuation of SpeedLabs is $11.58M as of Apr 2024.