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Mentza raises $400K in seed round

Mentza, an audio-based conversational learning startup, announced that it has raised $400,000 in a seed round led by Inflection Point Ventures. 

The startup plans to use the freshly raised funds to build a healthy base of experts and curious learners, create an efficient translation of conversations into content, and broad base the platform regionally and across interest communities. 

Mentza is an audio-based conversational learning platform that aims to engage users via high-quality focussed 20-minute conversations across different topics. Conversations are recorded with features like highlights, 40-second snippets, and curated content recommendations.

Commenting on the investment, Ankur Mittal, Co-founder, Inflection Point Ventures, said, “Mentza’s model of delivering curated content in a 20-minute capsule is a powerful idea. Audio is a powerful tool that allows you to learn and participate while multi-tasking. Mentza is looking to build an audio-focused conversational learning platform in a community setting, led by a team of strong second-time founders with diverse backgrounds and strengths.”

“Many funds we spoke with as part of our due diligence also showed keen interest in this space. While B2C is the immediate focus, Mentza is separately also working on a focussed B2B strategy going after large untapped Enterprise Podcast space,” he added.

Speaking about the funding, Anurag Vaish, Founder of Mentza, said, “Our mission is to get every growth-minded person to engage in at least one Mentza conversation every day, thus making learning effortless, continuous, and social. IPV’s investor community has CXOs who understand the need for continuous learning in today’s challenging growth environments. Thus, making them the ideal strategic partners in our vision.”

The audio content market in the country is at an inflection point. As of December 2019, 40 million internet users in India have listened to podcasts. The audio-based content has enormous potential to catch up with video and text formats as one can listen while multitasking. 

Mentza seems to have built an interesting platform to facilitate learning. I believe the company will soon emerge as a dominant player in the market. My best wishes to the team of Mentza.

Shishir Gupta, Founder and CEO, StartupLanes

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