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PlanetSpark has raised $48.5M across 4 funding rounds.
Key people at PlanetSpark.
PlanetSpark was founded in 2016 by Kunal Malik (Co-Founder) and Maneesh Dhooper (Co-Founder).
PlanetSpark has raised $48.5M in total across 4 funding rounds.
PlanetSpark operates as an online education platform, specializing in live classes for English Communication, Public Speaking, and Creative Writing, primarily targeting K12 students. The company utilizes an intermediary technology platform to deliver its highly engaging and structured learning methodology, focusing on developing crucial cognitive and linguistic abilities. Its curriculum is designed to foster confidence and fluency in both spoken and written English.
Co-founded by Kunal Malik and Maneesh Dhooper in 2016, PlanetSpark was established with the insight that communication skills education required a more organized and impactful approach. The founders aimed to bring quality instruction and ignite enthusiasm for learning, driven by a mission to "Spark the Joy of Learning in Children" through specialized pedagogical methods.
The platform serves a broad base of K12 students and also caters to working professionals seeking to enhance their communication proficiencies. PlanetSpark’s forward-looking vision is to solidify its position as a global market leader in developing communication skills, striving to empower individuals to become confident public speakers and articulate creative writers for the future.
Key people at PlanetSpark.
PlanetSpark was founded in 2016 by Kunal Malik (Co-Founder) and Maneesh Dhooper (Co-Founder).
PlanetSpark has raised $48.5M in total across 4 funding rounds.
PlanetSpark's investors include Prime Venture Partners, Ashish Gupta, Kunal Malik, Maneesh Dhooper, Alteria Capital, GGT3 Ventures, IAN Fund, InnoVen Capital, myPat, Helion Venture Partners, Jungle Ventures, SmartStart Fund.
PlanetSpark is an Indian edtech startup founded in 2016 or 2017 that provides live 1:1 online classes focused on developing communication skills for children in grades 2-8 (K8 learners), including public speaking, creative writing, spoken English, and reading.[1][2][3] It serves parents and students from lower-middle to high-income households seeking personalized, gamified learning to replace traditional tuitions, addressing gaps in the unorganized private education sector by fostering confidence, leadership, and creativity through technology-enhanced virtual classrooms.[1][2][4] The company has raised over $37M in funding, reported Rs 41 Cr revenue with Rs 90 Cr loss in FY23, and employs 61-100 people in Gurugram, Haryana, showing strong growth momentum via recent $6M rounds and global expansion.[3][4]
PlanetSpark was founded by Kunal Malik and Maneesh Dhooper in 2016 (or early 2017 per incorporation records) in Gurgaon, starting as a small after-school program for personalized Math and English learning for pre-teen kids in grades 2-7.[1][2] The idea emerged from the founders' vision to transform India's fragmented tutoring market by building confident public speakers and creative writers, evolving quickly to emphasize communication skills amid rising demand for structured online education.[1][3] Early traction came from seed backing by FIITJEE and angels like Indian Angel Network, Hyderabad Angels, and Lead Angels, followed by a INR 3.2 Cr pre-Series A in 2019 and subsequent rounds totaling $31-37M, enabling tech upgrades and worldwide reach.[1][2][4]
PlanetSpark rides the global edtech boom, particularly post-pandemic demand for online personalized learning in emerging markets like India, where unorganized tuitions dominate but lack structure and scalability.[1][2] Its timing aligns with AI-driven education tools and rising parental focus on soft skills like communication amid job market shifts toward verbal proficiency and creativity.[1][3] Favorable market forces include India's young demographic, smartphone penetration, and investor interest in B2C edtech (e.g., competitors like FlintoBox), positioning PlanetSpark to influence the ecosystem by standardizing skill-building and expanding virtually to underserved regions worldwide.[3][4]
PlanetSpark is poised for accelerated growth through AI platform upgrades and international scaling, potentially achieving profitability by optimizing its $41 Cr revenue base amid edtech consolidation.[3] Trends like gamified AI learning and hybrid skill programs will shape its path, evolving its influence from India-centric tutor disruptor to global communication skills leader. Tying back to its origins, this tech-fueled mission continues humanizing education for the next generation of confident kids.
PlanetSpark has raised $48.5M across 4 funding rounds. Most recently, it raised $17.1M Debt / Series B Extension in March 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2022 | SpaceAge Labs | $1.3M Seed | Kaixin TAN, David NG | — |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 8, 2024 | $17.1M Debt Financing | Prime Venture Partners | Ashish Gupta, Kunal Malik, Maneesh Dhooper, Alteria Capital, Ggt3 Ventures, IAN Fund, InnoVen Capital, Mypat | Announced |
| Mar 1, 2024 | $17M Series B | — | Helion Venture Partners, Jungle Ventures, Prime Venture Partners, Smartstart Fund, Akshay Kothari | Announced |
| Dec 1, 2021 | $14M Series B | — | Helion Venture Partners, Jungle Ventures, Prime Venture Partners, Smartstart Fund, Akshay Kothari | Announced |
| Feb 17, 2020 | $450K Seed Plus | — | FIITJEE Limited, Hyderabad Angels, Nitin Zamre, Lead Angels | Announced |