Mobile corporate training platform, HandyTrain has secured $1 million in funding from investors including Silver Range Investments of Hong Kong, Lumina Datamatics and Shun Yoshida, Managing Director at BoA Merrill Lynch Tokyo. This is the first Indian investment by Mr. Yoshida.
Individual investors include Mahesh Murthy (Founder and Managing Partner of SeedFund), R. Ramaraj (former CEO of Sify and co-founder of The Chennai Angels), Siddharth Parekh (Founder of private equity fund Paragon Partners), Avtar Monga (Chief Operating Officer of IDFC Bank), BS Nagesh (Vice Chairman of Shopper’s Stop) and Gautham Pai (Managing Director of the Manipal Group).
HandyTrain, a venture incubated by Prototyze, is a mobile platform for corporate training. It can train anywhere, even while traveling to the office and track and assess training goals in real-time and allows access to training material, including customer-based presentations on the mobile.
The startup claims to have crossed over 20,000 paid users in under 12 months of its founding, including clients like Uber, Cipla, Airtel, Kotak, ICICI Prudential and Future Group’s furniture and furnishing retailer HomeTown.