Tyke Invest has made an investment in the education technology startup Melvano in the amount of Rs 1.3 crore.
With the additional funding, Melvano plans to start the upskilling market with its new platform, Skillbary, in March, as per reported by YourStory.
“We are witnessing more and more graduates who have completed bachelor’s programme but are unable to find employment. The vast disparity between the skills taught in colleges and those needed for current occupations is the cause of this. We all have witnessed the unpredictable recession to affect even the best professionals. Given that, majority of upskilling platforms only cater to working professionals,” said CEO Taran Singh.
Taran Singh and Sachin Sanodiya founded the IIT Madras-incubated startup in 2018. Based on the student’s evaluation, the learning app offers tailored coursework for candidates for the IIT-JEE and NEET exams.
Taran Singh, the Founder and CEO of Melvano, and an IIT Madras alumnus, has announced a 100 percent waiver program to help more students in this time of the pandemic, for JEE and NEET aspirants who belong to low-income families and also for those students who have lost an earning member of the family to Covid-19.
Taran Singh founded the Indian educational technology business Melvano in 2018. It attracted more than two lakh students from throughout India and won the Sri Chinmay Deodhar award for the Innovative Project from IIT Madras.