Spardha, Delhi-based digital music and performing arts platform announced on Thursday that it has secured Rs 3 crore in a pre-Series A1 round. Inflection Point Ventures (IPV) and a few US-based high-net-worth individuals (HNIs) led the round of fundraising. The cash will be used to improve branding and marketing, expand the sales and product team, develop and improve curriculum, improve the digital platform, and grow into four additional foreign markets. In India and the United States, Spardha has over 5,000 registered users and 1,300 paid users. IPV was founded in 2018 with the goal of investing Rs 155 crore in 60 businesses by 2021.
The company’s long-term goals include broadening its market and product offerings to appeal to a broader audience. Users of all ages in India and the Indian diaspora in the United States have been early adopters of the brand. Its long-term goals include extending its presence in Australia, Canada, and the United Kingdom.
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