Montane Ventures, clutch of investors invest $1.2 million in edtech space GreyAtom’s pre-series A round

https://pixabay.com/en/money-finance-business-financial-2696228/

GreyAtom, an edtech space, has bagged $1.2 million (approx INR 8 crore) in pre-series A round from Montane Ventures, Pravega Ventures, and cofounder of BrowserStack, Ritesh Arora, reported Inc42.

The infused financials will be used by GreyAtom to diversify its technology courses line up to include courses on front end engineering, back end engineering, and test automation.

Mitul Thakkar, co-founder at GreyAtom said that the newer programmes will be launched with an income share agreement, where GreyAtom is not going to charge anything upfront but will take a fixed percentage of the income of course takers.

“This enables us to create a great amount of trust between us and the learners,” he added.

GreyAtom was founded in 2017 by Shweta Doshi, Mitul Thakkar and Mayuresh Shilotri. The edtech space GreyAtom provides online and offline education to learners, especially working professionals, to pivot careers in emerging technologies like machine learning, artificial intelligence (AI), data science and full-stack engineering through an end to end learning and career preparation process.

The company GreyAtom said that so far, it has received over 4700 applications. Moreover, the acceptance rate for these applications currently stands at 4.8 per cent.

GreyAtom claims to has provided tech education to over 35,000 learners to reskill/upskill their tech knowledge.

The company also claims that, in the last two years, 87% of learners have achieved their career change goals with their education programmes.

As per its LinkedIn page, the platform bridges the gap between learners and the industry by bringing them together on its learning platform ‘GLabs’, which provides hands-on coding experience, mentorship and access to a peer community for learners.

Some of the significant edtech startups include BYJU’sClap GlobalUnacademyKhan AcademyMyMBACircle, and many more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here