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ah! Portfolio Startup Geekster raises follow-on funding from ah! Ventures Angel Platform and others |
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| ah! Portfolio Startup Geekster (Career-focused Edtech Platform) has raised follow-on funding from ah! Ventures Angel Platform and others. USD 1.30 MN (INR 10 CR) in a Pre-Series A round was led by Inflection Point Ventures with participation from MyNavi Corporation (Japan) and existing investors ah! Ventures and We Founder Circle. The brand has raised a total of USD 1.5 mn, including the current round. ah! Ventures’ has done 140 investments in 104 startups till date taking its total investment portfolio to INR 286 CR (~37 MN USD) with 14 exits and 28 follow on rounds. 40 investments have happened through all three platforms in 2022 till date. |
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| The fund raised will be primarily utilised towards expanding the team. A part of the raised investment will also be exhausted in expanding the portfolio of offerings, adding new programs, and building scalable learning & hiring platforms. |
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| Geekster, an upskilling platform, focuses 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, and this value proposition makes it unique, especially among the students from tier 2 & tier 3 cities in the country. |
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| On the fundraise, Ankit Maggu, Co-Founder of Geekster, affirmed, “We are on a mission to democratise quality education & career opportunities; aiming to make a million graduates work ready in next few years. Our offering has witnessed great response from the Students & Employer Partners alike, and we shall be working aggressively to scale our operations in the next few months. We are fortunate to have associated with marquee investors who are equally excited about the opportunity and are aligned with our vision for Geekster.” |
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| With a more significant emphasis on the holistic development of the students, the company also aims to focus on fundamentals, specialised and advanced curriculum along with soft skill training. Geekster is currently helping more than 300 companies hire the right tech talent for their teams, including some top product-based companies, MNCs, and well-funded startups. The platform has been able to achieve 10x growth in the last eight months. |
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| With this fundraise, Geekster aims to move another step ahead toward its mission of making a million students work-ready in the next five years. |
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| "Demand for entry level tech professionals outgrows the supply of quality professionals with industry-ready skills in India because of the higher education system lacking focus on practice knowledge and applications. This problem is further aggravated by the fact that many Indian colleges mass-produce graduates who aren't capable of getting employment. Geekster is poised in solving this pain point at scale, with an innovative approach, which not only offers a flexible yet practical curriculum catering to individual learning needs, but also helps develop a tight-knit community of students, instructors, and employers in order to build successful careers.", said Amit D Kumar Co-founding Partner at ah! Ventures Fund and Senior Partner at ah! Ventures |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 282 CR (~37 MN USD) in 98 startups & 133 investments and have announced 14 exits & 28 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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