Upskilling platform AlmaBetter raises $2.7 million in funding from Kalaari Capital

• ByStartupStory     |    November 3, 2022

AlmaBetter, an upskilling platform, secured $2.7 million in a seed round headed by Kalaari Capital. Among those who participated in the round were Vidit Aatrey (CEO, Meesho), Sanjeev Kumar (CTO, Meesho), Rajesh Yabaji (CEO, Blackbuck), Varun Alagh (CEO, Mamaearth), and Rahul Dalmia (Early supporter in Polygon Technology).

The capital will be used to extend the startup’s offerings to include college students. It also intends to provide job-guaranteed courses in product engineering, such as UI/UX and other high-growth fields.

AlmaBetter, founded in 2020 by Shivam Dutta, Vikash Srivastava, Ravi Kumar Gupta, Arshyan Ahsan, and Alok Anand, provides flagship programs to assist learners to establish careers in high-growth sectors like as data science, software development, and blockchain.

“We at AlmaBetter are providing A tech upskilling platform for the Indian youth. Leveraging artificial intelligence for personalized learning experiences and minimizing the operational footprint has enabled us to provide quality education and job outcomes,” said Shivam Dutta, co-founder of AlmaBetter.

By March of next year, the company intends to have trained 60,000 people.

Kalaari Capital has been financing technology-focused firms in India, most notably leading a $1.5 million investment in Outscal, a Delhi-based ed-tech firm.

“India is blessed with immense youth potential, but the lack of industry-relevant education is posing serious threats to their employability. This calls for innovative and affordable upskilling platforms which deliver quality learning outcomes at scale. AlmaBetter is doing just that” said Kiran Vasireddy, Partner at Kalaari Capital. 

Follow Startup Story