TalentSprint raises Series A (INR 20 Crores) Funding from Nexus Venture Partners
TalentSprint has raised INR 20 Crores in Series A funding from Nexus Venture Partners. Co-founded by Madhumurty Ronanki, Santanu Paul, and J.A. Chowdary (ex MD, Nvidia), TalentSprint aims to skill 500,000 graduates by 2020. As part of this Series A investment Anup Gupta will join the company’s board of directors.
TalentSprint offers employability programs to young professionals using experiential learning and iPEARL, its proprietary technology platform. The programs blend diverse skills and are delivered by best-of-class, industry practitioners to students during or after college, thereby greatly improving their prospects of getting employed when they graduate. On the demand side, the company works closely with industry partners to deliver productivity and efficiency gains in excess of 70% in terms of new talent acquisition.
Santanu Paul, CEO and Managing Director at TalentSprint said, “India has tripled the number of higher education seats since 2000 and will do so again between now and 2020. However, quality has become a massive challenge. Our solution combines rich content, industry-experienced instructors and technology-aided delivery to provide meaningful employability outcomes. The near term goal is to integrate 100 colleges into the TalentSprint College Network.”
Anup Gupta, Managing Director, Nexus Venture Partners, said, “Infusing quality into the higher education system is essential for India to be able to sustain its economic growth. We are very pleased to back TalentSprint’s strong management team and its innovative model that brings skill development and industry expertise to colleges and youth through smart use of technology. The goal is enable up-skilling on a large scale without compromising on quality.”