Chennai-based education technology startup GUVI has raised Rs 6 crore ($787,686 approx) in its Pre-Series A funding round from Education Catalyst Fund, a sector-focused venture capital fund managed by CBA Capital, the company announced recently.
The company said it will use the funds to scale up its operations, introduce newer courses and expand its presence to new geographical locations for its offline and online courses.
Founded in 2014 by Bala Murugan, Arun Prakash and Sri Devi, GUVI trains people to build their skill profile in technologies and helps them land in their dream job. It offers students and other learners a variety of technical courses created by industry experts in vernacular languages, and enables learners learn to code in their own languages (English, Hindi, Tamil, Telugu, etc).
GUVI aims to change the life of its learners by skilling them. It focuses on pedagogical tools which is least focused by skilling industry and simplifies skilling for every learner through its platform, mentors and community. According to its website, GUVI currently has 315136 users, 194 mentors, and 1673 videos on its platform.
To enrol in GUVI skilling programs, learners can join by creating their GUVI account, explore a variety of courses in different languages and technologies and choose one to start with, take a pre assessment, know where they stand and get personalized suggestions on course topics, take a certification test after learning and get certified by GUVI.
GUVI offers learners to solve 1000+ programming problems through gamified and personalized approach. The startup also offers a coding bootcamp, called Zen Class, a three months Intensive Project Based Learning program, where students learn and gain a skill with mentors from industry solving real-world problems.
Needless to mention, GUVI is an Indian Institute of Technology-Madras incubated company and operated by GUVI Geek Network Pvt. Ltd. This is the second time the company had raised capital. In April last year, it raised Rs one crore in its first institutional round of funding from the US-based Gray Matters Capital.