EduBridge, a Mumbai-based skill development and vocational training platform, has today announced that it has raised $2.5 Million in Series A round of funding.
The latest funding round of the company was led by Insitor Impact Asia Fund, and existing investor Acumen Fund. In the company’s seed funding round, Accumen had invested $300,000.
Apart from strengthening their existing presence, the firm also plans to use the money to expand its operations to other states in India, including Gujarat, Odisha, Jharkhand and Bihar.
Founded in 2009 by a group of IIM alumni and professors, EduBridge is an education and training company that seeks to transform the lives of unemployed youth in rural and semi-urban India.
It has partnered with National Skill Development Corporation (NSDC) and few other organizations in order to help train India’s rural and semi-urban youth.
The startup claims to have 60 training centres in Northeast, South and Western India, and claims to have trained 50,000 unemployed youth from rural India.
Girish Singhania, who is the founder of EduBridge Learning, said, “We also plan to spend on integrating various technological applications into our system, improving the accessibility of our services in rural India.”