QuantumBit Technologies Pvt. Ltd, which runs edtech platform Geekster has raised $1.3 million in its pre-series A funding round from Inflection Point Ventures, with participation from Japan-based publishing firm MyNavi Corporation.
Existing investors We Founder Circle and ah! Ventures also participated in this round.
The startup plans to use the funds to expand the team, launch programs, and build a scalable learning and hiring platform.
Gurgaon-based Geekster was founded in 2020 by Ankit Maggu and Sahil Miglani, It is a career-focused technical education platform that provides upskilling programs to prepare over one million college graduates for work.
Through its platform, students are trained on in-demand skills and paid only after getting a job, while employers can hire trained talent pre-trained.
“We are on a mission to democratize quality education & career opportunities; aiming to make a million graduates work ready in next few years. Our offering has witnessed great response from the Students & Employer Partners alike and we shall be working aggressively to scale our operations in the next few months. We are fortunate to have associated with marquee investors who are equally excited about the opportunity and are aligned with our vision for Geekster”, said, Ankit Maggu, Co-Founder of Geekster.
The startup said it is currently helping more than 300 companies hire the right tech talent for their teams, including some of the top product-led companies, multinationals and well-funded startups.
With more emphasis on holistic development of students, the startup aims to focus on fundamentals, specialized and advanced curriculum along with soft skill training.
The edtech startup claims that the platform has been able to achieve 10x growth in the last 8 months and plans to take another step towards making one million students work ready in the next 5 years.
Talking about Geekster, Ankur Mittal, Co-Founder, Inflection Point Ventures says, “Gone are the days, where a graduate certificate would be more than enough to secure a job in your respective field. With the growing competition, job seekers are expected to be more skilled to be a cut above the rest. Geekster has been successful in designing a tech education platform with its unique model of skilling which allows tech graduates to hone their skills at zero cost until they get a paying job. And at the same time, it engages industry professionals as educators on the platform keeping the content relevant and practical. The company has won the trust of leading companies to hire highly skilled tech workforce and IPV looks forward to further scaling this platform and creating a pool of talented and top-notch industry-ready professionals.”
“We are glad to be participating in another round in Geekster. It is weaved around a unique model which is solving problem on two sides- corporates and students. Thus, it has been able to bridge the skill gap in the industry. The platform has been performing well over the period, which motivated us to participate again in the fundraise. With its USP, strong team, and market scope in place, the brand is poised for a splendid growth,” said, Mr. Saurabh Deo, Co-founder, We Founder Circle.
Geekster is an online career accelerator to help engineers skill up for the best tech jobs and realise their true potential. They aim to democratize tech education with no physical, geographical or financial barriers. Their students can learn online from anywhere and do not have to pay till they get a well-paying job with a leading tech company.