About Utter
Utter is a company based in Pune (India) founded in 2015 by Ninad Vengurlekar, Amit Arwind Bhadbhade, and Ninad Jayawant Vengurlekar.. Utter has raised $2.25 million across 5 funding rounds from investors including CLSA Capital Partners, QPM and Stratfinity Ventures. Utter operates in a competitive market with competitors including Lingokids, Gymglish, OckyPocky, Lingopanda and Loora, among others.
- Headquarter Pune, India
- Founders Ninad Vengurlekar, Amit Arwind Bhadbhade, Ninad Jayawant Vengurlekar
- Stage Minicorn
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Sectors
TechnologyMedia & Entertainment Education
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$2.41 M (USD)13as on Mar 31, 2022
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Net Profit
$-76.89 K (USD)-277as on Mar 31, 2022
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EBITDA
$140.34 K (USD)-35as on Mar 31, 2022
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Total Equity Funding
$2.25 M (USD)
in 5 rounds
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Latest Funding Round
$607.85 K (USD), Seed
Jun 18, 2019
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Investors
CLSA Capital Partners
& 33 more
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Employee Count
Employee Count
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Funding Insights of Utter
Utter has successfully raised a total of $2.25M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $607.85 thousand completed in June 2019. 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 5
- Last Round Seed — $607,852
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First Round
First Round
(20 Apr 2015)
- Investors Count 34
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - Utter | Valuation | Capria , Unitus Ventures | |
| Apr, 2018 | Amount | Seed - Utter | Valuation | Capria , Rajesh Krishnan | |
| Jan, 2017 | Amount | Seed - Utter | Valuation | Capria |
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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 Utter
Utter has secured backing from 34 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include CLSA Capital Partners, QPM and Stratfinity Ventures. 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 firm investing in applied generative AI
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Founded Year | Domain | Location | |
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Supporting startups with India scale and global potential through venture advisory and partnerships.
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Founded Year | Domain | Location | |
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Investment consulting firm
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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 Utter
| 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 - Utter
| 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 |
Utter Comparisons
Competitors of Utter
Utter 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 Lingokids, Gymglish, OckyPocky, Lingopanda and Loora, 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 |
Activity-driven English learning for kids is provided via mobile app.
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| domain | founded_year | HQ Location |
Adaptive English lessons are delivered via daily emails.
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| domain | founded_year | HQ Location |
Vernacular-based English learning app for preschool kids is provided.
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| domain | founded_year | HQ Location |
English learning is enabled by AI videos and speech assessment.
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| domain | founded_year | HQ Location |
Loora is developed as an AI English speaking tutor.
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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 Utter
Frequently Asked Questions about Utter
When was Utter founded?
Utter was founded in 2015.
Where is Utter located?
Utter is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Utter?
Ninad Vengurlekar is the current CEO of Utter. They have also founded this company.
Is Utter a funded company?
Utter is a funded company, having raised a total of $2.25M across 5 funding rounds to date. The company's 1st funding round was a Seed of $512.73K, raised on Apr 20, 2015.
What is the annual revenue of Utter?
Annual revenue of Utter is $2.41M as on Mar 31, 2022.
What does Utter do?
Utter was founded in 2015 in Pune, India, focusing on the edtech sector. AI-driven chatbots are offered for vernacular-based English language learning through a mobile application available on Android devices. Multilingual chatbots are also provided for employee training in sectors including hospitality, retail, and facility management. Key features encompass audio and video content, real-time engagement, certification processes, and feedback mechanisms. Operations emphasize practical language skills development for diverse workforces.
Who are the top competitors of Utter?
Utter's top competitors include Lingokids, Lingopanda and OckyPocky.
Who are Utter's investors?
Utter has 34 investors. Key investors include CLSA Capital Partners, QPM, Stratfinity Ventures, Uday Purandare, and Ameya Dahibavkar.
What is Utter's valuation?
The valuation of Utter is $5.51M as of Jun 2019.