New Delhi, 8th July 2019: Board Infinity, an Ed-Tech Startup raises $320k (Rs 2.2 crores) in an angel funding from a group of angel investors. Founded in 2017 by Abhay Gupta and Sumesh Nair, Board Infinity provides short skilling courses delivered by industry experts in live classes format across emerging technologies, management roles. The startup will use the funds to improving the technology platform and expand its current learner base in Tier 2-3 cities.
Angel investors who invested in Board Infinity includes Mr. Ambarish Raghuvanshi Ex-CFO of Infoedge; Maheshwer Peri – Founder of Careers360; Vishal Soni & Ritu Soni – Founders of a Health & Wellness startup; Manish Gupta, Founder of UINCEPT- EdTech accelerator; Nirmal Singh, MD of Atraxn Ventures and founder of Wheebox ; Sridhar Rallabandi, Ex-President of Axis Bank, Angel Network Middle East and other individual investors from organizations like Bain & Co, DBS, Tata group, Expedia, Microsoft, Flipkart, Xiaomi, GE etc. AAS Regina Legal and Collab Advisors LLP advised the round.
According to Mr. Sumesh Nair, Co-Founder, Board Infinity, “The Fourth Industrial Revolution is disrupting almost every industry, resulting in increased demand for new skills. We are solving this demand problem by building relevant supply in a very unique scalable way. We have disrupted learning engagement with more than 90% of customers completing our courses compared to typical averages of 10% in self-paced video courses. Our platform has scaled to more than 700 experts in the last 2 years impacting over 100,000 learners and job seekers. Corporates find immense value in onboarding talent from Board Infinity”
By 2022, about 54% of all employees across the world would need significant re- and upskilling, says the Future of Jobs Report 2018 released by the World Economic Forum (WEF) in 2018.