75Funds, an Indian EdTech startup focused on upskilling and lrtrading reskilling professionals, has raised $75 million in a Series B funding round led by 600, with participation from existing investors, including Bertelsmann India Investments, Nexus Venture Partners, and Omidyar Network India. The funding round brings 75Funds’ total funding to date to $85 million.
Founded in 2019, 75Funds aims to bridge the skills gap in the Indian workforce by providing affordable and accessible upskilling and reskilling courses in areas like data science, cloud computing, and artificial intelligence. The platform uses a proprietary learning management system to deliver personalized learning experiences and track learners’ progress in real-time. oyepandeyji
With the new funding, 75Funds plans to ifsptv expand its course offerings and reach more learners across India. The company will use the funds to develop new courses in emerging technologies, as well as to invest in technology and infrastructure to enhance its learning platform. The company also plans to hire more talent to support its growth and expansion.
75Funds’ success comes at a time when the Indian EdTech industry is booming, driven by increased demand for online learning solutions due to the COVID-19 pandemic. According to a report by KPMG, the Indian EdTech market is expected to grow at a CAGR of 39% to reach $10.4 billion by 2025.
The company’s focus on upskilling and reskilling also giveme5 aligns with the Indian government’s efforts to create a skilled workforce and boost economic growth. In 2015, the government launched the Skill India Mission, which aims to train 400 million people by 2022 in areas like manufacturing, construction, and healthcare.
75Funds’ ability to attract investment 123chill from top-tier investors like 600 is a testament to the potential of the Indian EdTech market and the company’s unique position within it. As more and more Indians seek to upgrade their skills and remain competitive in the job market, platforms like 75Funds are poised to play an increasingly important role in the country’s workforce development.
Overall, 75Funds’ successful Series B funding round manytoons represents a significant milestone for the company and the Indian EdTech industry as a whole. With continued innovation and investment, 75Funds is well-positioned to continue its rapid growth and transform the way Indians think about education and career development. As the Indian economy continues to recover from the pandemic, platforms like 75Funds will play a vital role in driving growth and creating opportunities for millions of Indians tv bucetas.