Integrated eLearning content solutions provider Liqvid on Wednesday said it has raised $3 million from a subsidiary of SBI Holdings, Japan.
Liqvid provides English learning and training solutions to individuals and organisations under the brand name EnglishEdge offering on personal computers, tablets and handsets. It is a venture launched by key members of egurucool.com, one of India's foremost eLearning brands.
The company plans deeper penetration into the school market with EnglishEdge portable language lab. It also plans to expand to colleges because of growing demand.
Following this, Brijesh Pande, board member of SBI Ven Capital Singapore, is joining the board of Liqvid, the company said.
SBI Holdings is one of the largest private equity firms in Japan with more than $3 billion funds under management. SBI has investments in more than 13 countries across Asia.
“We believe it has wide applicability, not only in India, but in a number of non-native English speaking countries in Asia,” he said.