IIT Madras-incubated ed-tech startup GUVI raises Rs 6 crore in pre-series A funding


CHENNAI: GUVI, a startup incubated by IIT Madras and CIIE.CO-IIM Ahmedabad, has raised Rs 6 crore in its pre-series A spherical of funding from Education Catalyst Fund, an education-focused enterprise capital fund managed by CBA Capital.
An built-in ed-tech platform offering course contents in vernacular languages as effectively, GUVI has its presence in over 1,000 engineering schools in the nation.

“We will use the capital raised in this round to scale up operations, introduce newer courses in more vernacular languages and expand our geographical presence for our blended (offline + online) learning program ‘Zen class’ (www.guvi.io/zen). During the lockdown, we are experiencing a huge surge in the number of people signing up for our online courses and we expect this trend to continue even after it,” stated SP Balamurugan, Chief Executive Officer at GUVI stated.

During this present lockdown, GUVI attracted over 1.5 lakh enrolments in technical programs in a interval of 12 days. Owing to the lockdown, it was not simply college students however working professionals too who enrolled for his or her tech programs, a press release from the corporate stated on Saturday.

The startup has upskilled greater than 2.14 lakh engineers in the newest expertise expertise equivalent to Python, Java, and Machine Learning, amongst others, and has helped them achieve placement in IT companies. GUVI was based by SP Balamurugan, Arun Prakash and Sri Devi and presents technical programs created by trade consultants in vernacular languages.

“The business model of GUVI is the 21st-century skilling solution that the country needs right now. GUVI offers the perfect blend of online and offline courses with rising demand and early success evidenced by the high rate of employment for students,” Bhavesh Hemani of CBA Capital, stated.

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