Career-focused edutech platform Geekster has secured $1.30 million (INR 10 crore) in a pre-Series A round led by Inflection Point Ventures with participation from Japan’s MyNavi Corporation.
Existing investors We Founder Circle and Ah Ventures also participated. This brings Geekster’s total funding raised to date to $1.5 million.
The fund raised will be primarily utilized for team expansion. A part of the money will be used to expand the portfolio of offerings, add new programs, and build scalable learning and hiring platforms.
Geekster is an upskilling platform focusing on developing programming skills in students and making them work-ready for aspirational tech jobs. The startup does not charge any fee from the student until they land a well-paying job.
Ankur Mittal, Co-Founder, Inflection Point Ventures, commented: “Gone are the days when 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 successfully designed a tech education platform with its unique skilling model, allowing 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.”
Ankit Maggu, Co-Founder of Geekster, added: “We are on a mission to democratize quality education and career opportunities; aiming to make a million graduates work ready in next few years. Our offering has witnessed great response from the students and employer partners alike, and we shall be working aggressively to scale our operations in the next few months.”
With a larger emphasis on the holistic development of the students, the company also aims to focus on fundamentals, specialized and advanced curriculum, and soft skill training. Geekster is helping 300+ companies hire the right tech talent for their teams including some top product-based companies, MNCs, and well-funded startups. The platform claims to have achieved 10x growth in the last eight months.