B2B edtech firm AntWalk has raised $7.5 million in its Series A funding round from San Francisco-based venture firm GSV.
Y Combinator and existing investor Matrix Partners India also participated in this round.
The firm plans to use the funds to strengthen its Learning Experience Platform (LXP) using gamification, building content learning through R&D, and sales and marketing to grow its customer base.
The Bangalore-based AntWalk was founded in 2019 by Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta, and Sudhanshu Shekhar, It caters to the banking, financial services and insurance (BFSI), healthcare and software-as-a-service (SaaS) sectors.
“The name ‘AntWalk’ was inspired by the way ants communicate and share intelligence with each other when they walk, reflecting the act of ‘collaborative social learning.’ We are well on our way to building a robust edtech company focused on the global skilling opportunity by leveraging this power of collaborative learning and are excited to partner with GSV Ventures on this journey,” said, Joybroto Ganguly, Co-founder and CEO of AntWalk.
The edtech startup aims to revitalize enterprise learning and growth with a combination of industry-relevant content delivered by over 4,000 global professionals through live group sessions, one-on-one coaching and gamified content.
“AntWalk offerings are designed to cater to the nuances of an employee’s needs based on the function and role they are in”, said, Sundararaman, cofounder and chief operating officer of AntWalk.
The enterprise L&D industry is expected to reach $402 billion by 2025, according to the company.
“GSV Ventures is proud to align with Joy and the team who bring passion and purpose to one of the toughest challenges in the corporate world—reskilling and upskilling employees to match dynamic job demands,” said, Deborah Quazzo, Managing Partner of GSV Ventures.
Founded with the belief, ‘together we can achieve more’, AntWalk is an Ed-Tech platform that helps companies accelerate and transform their L&D strategy, paving the way to continuous learning. Their core team consists of ISBians and ex-Mckinsey alums who are extremely passionate about sharing, learning and growing together.
They are powered by 4,000+ experts from 500+ global brands who offer effective solutions to improve employee development, enhance the competencies of employees and develop newer ones that align with business goals. This enables employees to learn in the flow of work, develop a growth mindset and propel their careers to the next level.
AntWalk is on a mission to unlock the greater potential of professionals by following a ‘Blended Learning Approach’ and bringing a paradigm shift to their current learning style.
They, at AntWalk, strongly believe that happy employees make happy workplaces. Their People Growth Platform helps fast-growing companies create high-performance workplaces of the future with employees who ignite businesses and help them lead happier and fulfilling lives.