Delhi-based E-learning and Skill Development Company, Simulanis, has raised pre-Series A round of funding which was led by Village Capital and other angel investors. The amount of funding has not been disclosed.
The other investors include Pawanjit Ahluwalia (Chairman, India Skills) Apurva Chamaria (VP and Head – Corporate Marketing, HCL Technologies) and Mridul Upreti (CEO, Segregated Funds Group – Jones Lang LaSalle).
The company will use the raised funds to expand its sales team in the pharma and automotive sector. Also, the company is targeting to enhance their reach other domains such as industrial goods.
Simulanis, a Delhi-based Augmented Reality and Virtual Reality (AR-VR) technology development company, was launched in November 2013 by Raman Talwar, a University of Manchester alum.
Explaining about the company, Raman said:
Simulanis, suggestive of its name, was conceptualised to simulate the real world the way we see it around us – right from the processes which are at the heart of industrial operations, to, the human or machine activities which get those tasks executed in reality
Commenting on the occasion, Victoria Fram, Managing Director at VilCap Investments, said:
India will require 119 million more skilled workers by 2022 across 24 sectors in the economy, according to the National Skills Development Corporation. We are very excited to welcome Simulanis into the Village Capital portfolio to address this pressing skill shortage through the application of AR-VR technology
Further elaborating, she added,
We believe the cost-efficiency and efficacy of their training solution, coupled with their focus on scale, will position them well in a sector that’s attracting more and more attention
The company focuses on developing software and hardware for e-learning, skills development, and gamified content. It these technologies to enhance the method of training students and workforces. The company has developed hardware agnostic, gamified, mobile and computer training applications for the education, skilling, and industrial training sectors.
At present, the company is working with two of the biggest ten pharma companies to train their workforce in India using AR-VR technologies. The company is training over one thousand workers which are situated at multiple sites at the moment.
Along with the two pharma giants, the company is also conducting pilots with some automotive giants in the country to train their floor staff. The company expects to be training five thousand workers in a year’s time.