PlanetSpark, a K-12 player in the communication skills learning category, is looking to hire 10,000+ English teachers in 2022. On the platform, the company already has over 2,100 teachers.
The company raised $13.5 million in a Series-B round led by Prime Venture Partners and entrepreneurs like Binny Bansal, Deep Kalra, Dr. Ashish Gupta, Gokul Rajaram, and Shirish Nandkarni in December of last year. The company intends to aggressively capture market share in the $82-billion global communication skills market with the new round of funding.
The newly recruited 10,000 teachers will help the company strengthen its presence in India, the US and the Middle East, and also to enter new markets such as Europe and South East Asia.
“India has an estimated pool of 1.8 million potential English teachers. Every year, around 4,00,000 fresh candidates enter this pool in the form of English, communication and B.Ed graduates. This provides a unique demographic advantage to build a global communication skills market leader from India,” said Kunal Malik, co-founder of PlanetSpark.
“The remote working revolution has made a massive impact on the teaching industry as well. We are witnessing a phenomenon where online teaching has become a serious profession. Top-notch teachers have adopted online teaching in large numbers and they do not want to go back to the traditional offline classroom teaching,” said Maneesh Dhooper, co-founder of PlanetSpark.
PlanetSpark was founded in 2017 by XLRI graduates and hostel roommates Malik and Dhooper, who each have more than a decade of experience in the growth and scale-up of companies like Unilever, UrbanClap, and Novartis. So far, the edtech startup has raised $17.2 million in funding.
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