Edtech platform SkilloVilla has raised $300K in a seed round of funding from Titan Capital and other investors. The funding saw participation from prominent industry leaders like Haresh Chawla, Partner at True North, ex-CEO Viacom-18 network group, Miten Sampat (currently building CRED, ex-Chief Strategy Officer – Times Internet), Aakrit Vaish (Co-Founder and CEO, Haptik) and Varun Alagh (Co-Founder and CEO, Mamaearth).
“The funds will be deployed for hiring, and to develop its technology product offerings,” the official company statement said.
Speaking on the fundraise, Ronak Agarwal, CEO & Co-Founder, SkilloVilla, said, “Having our bases set up in a country where 80% of the 1.5 million engineers that graduate every year remain unemployed or are employed in low skill jobs, aiding youngsters to land the job of their dreams and crafting a bright future for them is what keeps us going.”
“We are glad that we have been backed by the best of the industry leaders to fulfill our mission. The investment raised will help us to brighten the future of aspiring job seekers,” Ronak further added.
SkilloVilla is founded in May 2020 by IIT graduates Ronak Agarwal, Rajat Agarwal and Deepak kharol to bridge the gap and boost the careers of graduates with an industry-aligned curriculum, which educational institutions find hard to upgrade and align with the rapidly changing industry needs. SkilloVilla provides a platform where one can find and develop their abilities and gain access to companies anywhere across the globe irrespective of their education and economical background.
Aiding youngsters to land the job of their dreams and craft a niche in the careers that they desire is what keeps the platform going. From upskilling, resume creation, mock interviews to finding suitable placements with the right companies, Skillovilla has all the relevant tools for youngsters to become employable.
Commenting on the investment, Bipin Shah, Partner at Titan Capital, said, “Technology is changing at such a rapid pace and so are skills required to be employable. India now has the chance to dominate the supply of skilled employees to the whole world, but the sad reality is that many unskilled graduates are coming out of tier-2 colleges. SkilloVilla team is boldly solving this problem by upskilling the graduates and connecting with the right employer across the globe. We are super excited to support them in this journey.”
SkilloVilla claims to currently have more than 2,000 students on its platform and aims to enable over two million students and build their future in the coming years. With the confirmation of the funding, it will be interesting to see how the Bengaluru based ed-tech platform expands its reach in its quest to upskill students to make them industry ready for jobs.