L4o.in, a high-quality EdTech platform in vernacular (regional languages), has raised an undisclosed amount in a seed funding round.
The round was led by IAN, with participation from other angel investors including Pawan Kumar Garg, Umesh Prasad, Mrinal Didige, Mohiddin Shaik, Charan Babu, and Aman Manoj Tekriwal.
L4o.in is trying to solve the problem of unemployment in young graduates, who, despite having college degrees, don't have the skills for the real world.
The Jaipur-based company is raising funds for further development of its tech product, courses and to expand to newer markets.
Started in January 2021, the technology platform is solving the problem of unemployment among young graduates, who despite having college degrees, need reskilling and upskilling to qualify for newer positions in the global job market. It claims to be offering content and training in regional languages, thereby ensuring a 100 percent job guarantee.
The company ensures access to skills for livelihood to everyone; across barriers of geography, language, and social structures.
Speaking about the company, Kamal Kant Gupta, Founder & CEO of L4o.in said,
"Young graduates preparing for government exams and bank exams are not skilled enough to get a job. There is another problem - almost all the EdTech platforms provide content in English language and no platform is focusing on vernacular space. So, our vision is to eradicate these gaps as a reason for large-scale unemployment. We believe that education should be outcome-based and that’s what we aim to build through our platform."
Gupta added, "We are thankful to have received the funding from IAN and other marquee investors and are looking forward to developing more cutting-edge products and courses soon."
The platform is already offering content and training in Hindi (Hinglish) specific regions of India. These include Rajasthan, UP, MP, Uttarakhand, NCR, Bihar, Chhattisgarh, Jharkhand, Himachal Pradesh, Punjab, Haryana, and Chandigarh.
Pradeep Jai Singh, Lead Investor, IAN, has said about the investment,
"Employability is a very big challenge among Tier-II, Tier-III, and rural youth in India. That, however, presents a major opportunity and Learn4o is aiming to position itself in this exciting space. We are delighted to support this venture with a great team of founders and strongly believe that they will create a significant impact in creating millions of jobs in small town India."
Taking the journey forward, L4o.in said it will expand to other regions of India and include more regional languages on its platform, thereby substantially improving graduate employability.