SpeedLabs - About the company
SpeedLabs is a seed company based in Mumbai (India), founded in 2015 by Vivek Kumar Varshney and Praveen Gadelli. It operates as a Chains providing online tutoring and test preparation for school students. SpeedLabs has raised $8.76M in funding from investors like 35North Ventures, LetsVenture and Bay Capital, with a current valuation of $*****. The company has 2572 active competitors, including 110 funded and 47 that have exited. Its top competitors include companies like BYJU'S, Vedantu and Oda Class.
Company Details
Chains providing online tutoring and test preparation for school students. They offer courses for grades one through twelve, covering multiple educational boards. The company provides adaptive learning platforms with practice questions and progress analytics. They also offer coding and space technology courses for various age groups.
- Website
- speedlabs.in
- Social
- Email ID
- *****@speedlabs.in
- Phone Number
- +91 **********
- Registered Address
- 303, 3rd Floor, Nahar Business Center, Chandivali, Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072
Key Metrics
Founded Year
2015
Location
Mumbai, India
Stage
Seed
Total Funding
$8.76M in 13 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 03, 2024
Investors
Ranked
17th among 2572 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2026
Employee Count
11 as on Mar 31, 2025
Legal entities associated with SpeedLabs
SpeedLabs is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TEEVRA EDUTECH PRIVATE LIMITED CIN: U80904MH2015PTC266988 , India, Active | Jul 29, 2015 | ₹10 - ₹50 Cr (As on Mar 31, 2026) | 11 (As on Mar 31, 2025) |
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SpeedLabs's funding and investors
SpeedLabs has raised a total funding of $8.76M over 13 rounds. Its first funding round was on Mar 29, 2016. Its latest funding round was a Seed round on Nov 17, 2025 for $*****. 1 investor participated in its latest round. SpeedLabs has 40 institutional investors and 126 angel investors.
Here is the list of recent funding rounds of SpeedLabs:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 17, 2025 | 8536097 | Seed | 1394586 | 1930606 | 2724955 | 2317601 |
Mar 2025 | 9538121 | Seed | 6711503 | 5020742 | 1120213 | 3072991 |
Apr 03, 2024 | 5981119 | Seed | 7228109 | 3208504 | 8533753 |
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SpeedLabs' founders and board of directors
Founder? Claim ProfileThe founders of SpeedLabs are Vivek Kumar Varshney and Praveen Gadelli. Vivek Kumar Varshney is the CEO of SpeedLabs.
Here are the details of SpeedLabs' key team members:
- Vivek Kumar Varshney: Co-Founder & CEO of SpeedLabs. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Praveen Gadelli: Co-Founder of SpeedLabs. Contact Info: 1 email address
SpeedLabs' Board of Directors
SpeedLabs's board has 7 active members. Srinivas Reddy Mallareddygari, Manish Chhajed and Vivek Kumar Varshney are part of team and Ashwani Kumar Singh, Rajat Bhandari, Tanushree Varshney and Hori Prasad Lahoty are independent board members.Here is the list of SpeedLabs' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 8m | |
Investor | - | Current | 2y 2m | |
Investor | SEP Ventures | Current | 5y 4m | |
Independent board member | - | Current | 4y 0m | |
hnvzkll | Independent board member | - | Current | 6y 4m |
bdvqvnh | Independent board member | - | Current | 1y 1m |
fudhauy | Independent board member | - | Current | 2y 8m |
alxciwj | Independent board member | - | Past | 1y 1m |
View details of SpeedLabs's Founder profiles and Board Members
SpeedLabs' employee count trend
SpeedLabs has 11 employees as of Mar 25. The total employee count is 21.0% lower than what it was in Mar 24. Here is SpeedLabs's employee count trend over the years:
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SpeedLabs's Competitors and alternates
Top competitors of SpeedLabs include BYJU'S, Vedantu and Oda Class. Here is the list of Top 10 competitors of SpeedLabs, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of online and offline academic tutoring for school students | $4.6B | 78/100 | ||
2nd | Provider of live interactive K–12 tutoring platform | $341M | 75/100 | ||
3rd | Online tutoring platform for k-12 students | $12.8M | 72/100 | ||
4th | Developer of personalized online learning and test preparation solutions | $116M | 71/100 | ||
5th | Online platform offering live classes for school students | $124M | 71/100 | ||
6th | Provider of personalized online math courses for children | $33.7M | 71/100 | ||
7th | Provider of virtual classroom platform for students, parents and teachers | $585M | 67/100 | ||
8th |  Filo 2020, Lewes (United States), Series A | Provider of on-demand, one-to-one tutoring services connecting students with tutors | $23.3M | 66/100 | |
9th | Provider of online tutoring platform for K-12 students | $779M | 66/100 | ||
10th |  Xylem Learning 2019, Kozhikode (India), Acquired | Online platform offering personalized tutoring for entrance exams | - | 65/100 | |
17th | Chains providing online tutoring and test preparation for school students | $8.76M | 61/100 |
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SpeedLabs's Latest cap tables and shareholding
Founders own 31.01%, Funds (largest shareholder) own 33.86%, Enterprises own 5.30% and Angels own 3.22%. The net worth of SpeedLabs's founders is INR 30Cr as of Apr 03, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 31.01% | 30Cr | 2408547 | 7138884 | 4821710 | 4672005 |
3722056 | 2704742 | 7214160 | 4633649 | 3090879 | 3962642 | |
Fund | 33.86% | 32.8Cr | 8265975 | 1129650 | 1328873 | 9881123 |
8671415 | 9020415 | 6756812 | 9991690 | 2984366 | 2839986 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 5.30% | 5.11Cr | 92791 | 37153 | 55954 | 87590 |
Angel | 3.22% | 3.12Cr | 320 | 814 | 892 | 101 |
Other People | 5.71% | 5.51Cr | 19224 | 13727 | 18032 | 12945 |
ESOP Pool | 2.51% | 2.43Cr | 20 | 94 | 79 | 91 |
Other Investors | 18.42% | 17.8Cr | 7812554 | 8624185 | 7521188 | 1071984 |
Total | 100.00% | 96.7Cr | 3151835 | 8551631 | 1953229 | 7709074 |
To unlock detailed Cap Table of SpeedLabs Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of SpeedLabs's Shareholding
SpeedLabs's Investments and acquisitions
SpeedLabs has made no investments or acquisitions yet.
Reports related to SpeedLabs
Here is the latest report on SpeedLabs's sector:
News related to SpeedLabs
Media has covered SpeedLabs for a total of 3 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
•
•
SpeedLabs raises $6.5 million seed round for AI-powered live sports marketsYogonet•Jun 02, 2026•SpeedLabs
•
Business SpeEdLabs Partners with CH EdgeMakers to Expand Test Prep ProgramsOnline Media Cafe•Apr 22, 2026•Ch India, SpeedLabs
•
35 North Bags INR 100 Cr For Its Second AIFInc42•Aug 14, 2024•35North Ventures, CloudTailor, SpeedLabs, BBBS and 1 other
•
India Discovery Fund, Mumbai Angels, others back edtech firm SpeEdLabsVCCircle•May 25, 2022•SpeedLabs, 35North Ventures, Mumbai Angels, LetsVenture and 3 others
•
Personalised Learning Platform SpeEdLabs Raises INR 14.31 Cr In Pre-Series A FundingEdTechReview•May 17, 2022•SpeedLabs, Mumbai Angels, LetsVenture, Ecosystem Ventures and 2 others
•
SpeEdLabs to collaborate with coachings to focus on pure teachingBusinessFortNight•Apr 30, 2022•SpeedLabs
•
Edtech Firm 'SpeEdLabs' to expand its presence to 800 cities with its al-enabled personalised learning platform in K12 and Test Prep SpaceAsian News International•Jan 14, 2022•SpeedLabs
•
SpeedLabs Now Uses Artificial Intelligence to Disrupt Education in IndiaPR Newswire•Oct 29, 2018•SpeedLabs
•
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