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May 21, 2013

Deal Alert: Kae Capital picks up minority stake in CultureAlley.com

Seed fund Kae Capital has invested in Jaipur-based Intap Labs Pvt. Ltd for a minority stake. Intap Labs, a year-old start-up, runs a language-learning platform CultureAlley.com that it launched in November. The portal claims to have over 100,000 users across 210 nations.

CultureAlley has a cloud-based platform that enables interactive language learning through self-paced audio-visual lessons and can help one learn any language including English, Spanish, Mandarin, Hindi, Japanese, Italian, French and Korean.  

From the Venture Intelligence PE Deal database: Kae Capital has concluded its $0.5 million investment in CultureAlley in April 2013. Sasha Mirchandani of Kae capital has joined the board. 

Source: Mint
 
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