Airblack Raises $5.2 Million Funding By Info Edge Ventures And Elevation Capital.
- ByStartupStory | June 29, 2021
Airblack an Online makeup and beauty learning platform has raised $5.2 million Series A funding co-led by Elevation Capital and Info Edge Ventures.The startup, helps people in upskilling beauty skills and become micro-entrepreneurs in the beauty skilling market through “do-it-together” (DIT) courses, will use the funds to accelerate the expansion of its Beauty Club, launch new clubs, and invest in the brand, product, and engineering.
The round also saw participation from Atelier Ventures, along with Better Capital; Sanjeev Barnwal, Co-Founder and CTO, Meesho; Sujeet Kumar, Founder and CEO, Teachable; Kunal Shah, Ankur Nagpal, Kunal Shah, Founder, CRED, Vidit Aatrey, Co-Founder and CEO, Meesho, Co-Founder, Udaan, Utsav Somani, Partner, AngelList India and Partner, iSeed, and Ashish Gupta, Managing Director, Helion Ventures.
Airblack pivoted towards this segment last year, and so far, over 25,000 learners have attended these courses across more than 500 cities. A majority of these are women who have since become freelancers, online creators, or home salon owners. Prominent makeup artists such as Namrata Soni and Mehak Kawatra have taken guest classes on the platform. The in-house panel includes experts such as Amishi Sindhwani, an ex-Miss India regional finalist and a beauty creator, Sohni Juneja, a top Delhi-based freelancer and a beauty creator, and Aarti Makker, a prominent beauty educator.
Videt Jaiswal, Founder and CEO, Airblack, said, “The Instagram and YouTube revolution has made people aware that there are hundreds of ways to earn a livelihood. Traditional edtech is just the tip of the iceberg and has been limited to a few skills. We foresee 100 million people becoming digital creators and freelancers in India in the next five years. He further added, “At Airblack, we are fueling this economy by empowering people to learn a practical skill in a fraction of time and cost of traditional education and launch their livelihoods on the internet. This fundraise bolsters our movement and allows us to take our DIT courses to millions of creators and micro-entrepreneurs.”
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