Edtech platform Springboard has raised $31 million in its Series B funding round led by Telstra Ventures and different new traders like Vulcan Capital and SJF Ventures, as the corporate plans to double down on scholar employability in response to the present job market in India and throughout the globe.
Existing traders who participated in the fundraising embrace Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation (IFC), 500 Startups, Blue Fog Capital, and Learn Capital.
With this funding, the startup, based by Gautam Tambay and Parul Gupta in 2013, has to this point raised greater than $50 million.
Springboard mentioned the most recent capital infusion will assist it create new hiring-centered merchandise and strengthen employer partnerships to assist graduates land their dream careers. The firm forayed into the Indian market final yr, after the US.
“India is witnessing one of its toughest challenges owing to the recent job losses that have impacted a large section of the workforce. It is therefore imperative for displaced workers to make the difficult transition into new, in-demand careers,” said Parul Gupta, Co-founder at Springboard, said.
In the coming months, Springboard plans to grow its course offerings outside the high-tech industry to include additional skills gap disciplines. The company will also look to deepen its partnerships with universities and employers, enabling them to adapt to evolving reskilling needs in a post-pandemic economy.
“With this funding, we are in a good position to build on our strengths to provide in-demand job skills and holistic support at every step,” said Vivek Kumar, Managing Director at Springboard.