Mumbai, July 1 -- English language learning startup SpeakX is looking to raise a new round of capital of up to $15 million, two people familiar with the matter told Mint.

Existing investor Elevation Capital has already closed its cheque to the company, they added.

Other participants include existing investor Goodwater Capital and new investor global investment firm WestBridge Capital.

"The company is raising money because building their AI requires significant capital," one of the two people said.

SpeakX, a voice-first learning platform that uses AI to teach conversational English, will use the funds primarily for expanding its engineering team and product development, especially in agentic artificial intelligence (AI).

"Personalizat...