Geekster, an ed-tech platform, has raised USD 1.30 million (INR 10 CR) in a Pre-Series A investment that was co-led by Inflection Point Ventures and MyNavi Corporation, Japan. We Founder Circle and Ah Ventures, two current investors, also took part in the round. With the latest round included, the brand has raised a total of USD 1.5 million.
The company stated in a formal announcement that the money obtained will be used largely for growing the staff. A portion of the funds raised will also be used to construct scalable learning & hiring platforms, introduce additional programs, and extend the spectrum of available services.
During a fundraising event, the Co-Founder of Geekster, Ankit Maggu said that they’re on a mission to democratize professional possibilities and quality education, and hopes to create atleast a million graduates ready for work in the next few years.
Both students and employer partners have responded very favorably to our service, and in the next months, we will work assiduously to expand our business. We are lucky to have partnered with illustrious investors that share our enthusiasm for the opportunity and our vision for Geekster.
The organization also strives to focus on foundations, specialized, and advanced curriculum along with soft skill training with a greater emphasis on the holistic development of the students. Geekster is presently assisting 300+ enterprises, including the top product-based businesses, MNCs, and well-funded startups, in hiring the best tech talent for their teams. In the previous eight months, the platform was able to experience a 10x increase.
Ankur Mittal, Co-Founder of Inflection Point Ventures, comments on Geekster, saying, “Those days where a graduate diploma would be more than adequate to land a job in your chosen profession are long gone. Employment applicants are required to have higher skill levels to stand out in the increasingly competitive job market. With its distinctive skilling approach, Geekster has been successful in creating a platform for tech education that enables IT graduates to polish their skills without spending any money until they land a paying job. Additionally, it uses industry experts as lecturers on the platform to keep the information current and useful.
Leading businesses already trust the company to hire highly skilled tech workers, and IPV looks forward to growing this platform and building a talent pool of excellent, industry-ready professionals.