English Helper, Inc. placed $750,000 in mezzanine instruments with three investors. The company raised $500,000 in equity in April 2011, time at which the philanthropic and impact investment* firm Omydiar Network became an investor.
The company which was originally headquartered in New Delhi India, develops software solutions to improve English language proficiency in India. Four products are available, ReadToMe, firefly, Helpers series and WritingAssistant. A number of schools, institutions, non-profit organizations and companies in India are current customers. The company is now headquartered in Westwood, MA.
The company was founded in 2009 as EnglishHelper Technologies Pvt. Ltd. by founder and chairman Dr. Venkat Srinivasan and is currently lead by Sanjay Gupta.
*impact investment was described in the story relating the debt offering of Impact Driven.