Josh Talks has raised $3.5 million in a funding round led by Ankur Capital, with other prominent investors including Vijay Shekhar Sharma (Paytm), Vaibhav Domkundwar (Better Capital), Vineeta Singh (SUGAR Cosmetics), Ritesh Agarwal (OYO) and Ankur Warikoo (former Nearbuy).
Josh Talks, which was founded in 2015, averages 85 million monthly cross-platform views, and has moved into interactive educational courses with the launch of the Josh Skills app, which has 2nd and 3rd tiers from India, the company said in a statement. Over 200,000 paying users in the city.
The new funding will be used to improve its product and expand Josh Skills, while the startup will also experiment with new product lines to meet the aspirations of this user base.
In the past two years, we’ve doubled down on two things expanding our distribution in 10 languages and creating a product that monetizes through this distribution network. We’ve been able to understand young Indians’ desire, and built one of the largest online communities, which in turn targeted our app, Josh Skills at 0 CAC. With the new capital, we aim to expand our offering, strengthen our executive team, and bring Josh brings to every home in India,” said Supriya Paul, CEO and co-founder of Josh Talks.
Indian startups raised more than $10 billion
Indian startups raised more than $10 billion in the first three months of 2022, despite concerns that global headwinds could stifle the momentum. Deal size has also increased, as Series A funding more than doubled from $10.75 million in Q4 2021 to $20.3 million in Q1 2022, with the average seed-stage deal size in Q1 2022 being $2.15 million compared to $1.76 in the fourth quarter of 2021 and $1.49 million in the first quarter of 2021.