Liqvid secures $3M in funding from subsidiary of SBI Holdings, Japan

LIQVID, an integrated eLearning content solutions company specializing in English Language Training (ELT), hliqvidas raised funding from a subsidiary of SBI Holdings, Japan. Following this investment, Brijesh Pande, board member at SBI Ven Capital, Singapore is joining the board of LIQVID.

SBI Holdings is one of the largest PE/VC firms in Japan, with more that USD 3 Billion under management.

LIQVID is focused on providing technology-aided English Learning & Training (ELT) solutions to individuals and organizations under the brand name of EnglishEdge. EnglishEdge leverages the power of technology to make learning scalable. The solutions are offered on PCs, Tablets and Mobiles. EnglishEdge has more than 250,000 learners across schools, colleges, vocational institutes and the corporate sector.

Speaking to PluGGd, Vivek Agarwal, MD and CEO, Lqvid said that the company plans to build up further on its core English learning platform and get into mobile based learning. Furthermore, it plans to expand into domains of corporate and Government and move into business internationally, specifically targeting developing countries.

Liqvid is a venture launched by key members of egurucool.com, was established in 2003. It had raised A series of funding from Bedrock Ventures in 2010 for $1m. The company had also received funds worth $0.60m for Rajasthan Venture Capital Fund in 2005, which they paid back in 2010 post the Bedrock funding.

The company plans deeper penetration into the school market with its unique EnglishEdge Portable Language Lab. With interactive features like record-compare, video & internet-based activities and 10 times more speaking time, Portable Language Labs make learning more exciting, interesting and interactive. The company also plans to expand its offerings in the college segment with a comprehensive solution that caters to the growing demand for English Language Enhancement, Business Communication skills and Personality development.

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