SpeakX Expands English Learning with Generative AI

SpeakX, a pioneering platform that revolutionizes English learning through Generative AI technology, has achieved significant growth by surpassing 10,000 paid subscribers monthly. Offering a personal AI companion at a fraction of the cost, SpeakX’s subscription model, priced at ₹299 per month, has helped the company generate an Annual Recurring Revenue (ARR) of $500,000. SpeakX is currently focused on improving retention and engagement to achieve product-market fit. 

Founded byArpit Mittal, who previously focused on human-led, video-based learning for children's extracurriculars, spearheaded the transformation to a Generative AI-driven platform with SpeakX. Leveraging his successful track record from ventures like Edcited and Roofpik, Mittal used Generative AI technology to deliver a more personalized and effective English Language learning experience. With $10 million in funding from Elevation and IndiaQuotient, SpeakX has carved a niche in the global language learning market. 

“Technology can truly change the face when it comes to education, especially for those who have been left behind. Right now, only 8% of people in India speak English well, which means a lot of people miss out on key opportunities for education, jobs, and personal growth. This language gap makes it harder for many to join the global economy and feel accepted in their communities. At SpeakX, we are tackling this head-on. Our platform uses generative AI Technology to offer personalized, real-time learning experiences that adapt to each user’s needs. The platform has rapidly grown, attracting a diverse user base, with 50% coming from Tier 2 and Tier 3 cities and 68% from middle-income households.   Our mission is to equip individuals with the tools and support they need to overcome these barriers and unlock new opportunities.” says Arpit Mittal, Founder of SpeakX. 

SpeakX has a vision of breaking down barriers in the English language for millions of learners worldwide. The platform’s use of advanced Speech Technology and Large Language Models (LLM) creates a tailored learning experience for each user, providing real-time feedback and support. This approach not only makes English learning more effective but also ensures it fits seamlessly into users' busy lives, a critical aspect for many from smaller towns and middle-income backgrounds. The company now plans on extending this transformative approach to regions like Latin America, Indonesia, the UAE, and Europe. 

Reflecting on the future, Deepank Agarwal, Head of Engineering at SpeakX said, “Arpit’s vision for the future of language education is inspiring. His focus on leveraging technology to meet the needs of our diverse user base, combined with his understanding of the broader challenges learners face, makes him the perfect leader for SpeakX. We are confident his guidance will take the platform to new heights.” 

The growth of SpeakX highlights the need for effective language learning tools in today’s globalized world, especially in regions where traditional methods fall short. The platform’s success reiterates the pressing demand for accessible and engaging English language solutions. SpeakX’s user-centric approach ensures learners from various backgrounds, including students, professionals, and job seekers, can build their English proficiency and gain a competitive edge.