Matrix-backed Edtech startup AntWalk raises $7.5 million in Series A round of funding led by GSV Ventures
- ByStartupStory | July 6, 2022
A funding round led by GSV Ventures secured $7.5 million for the business-to-business (B2B) edtech platform AntWalk. According to a top firm official, Y Combinator and current investor Matrix Partners India also took part in the investment round. According to Joybroto Gangu, the business will use the capital to increase the sales and marketing team, enhance its content pedagogy through R&D, and strengthen its Learning Experience Platform (LXP) through gamification.
AntWalk, an e-learning company, was founded in 2019 by Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta, and Sudhanshu Shekhar. AntWalk aids organisations in accelerating and transforming their learning and development (L&D) model, paving the way for professionals to continue learning on the job. It offers enterprise L&D with a role-focused capabilities academies approach that is a combination of industry-relevant information delivered through live group sessions, 1:1 coaching, and gamified content. It has more than 4,000 experts from more than 500 worldwide brands.
The business estimates that the enterprise L&D market will reach $402 billion by 2025. However, the existing L&D approach is flawed, and fragmented, and does not centre learning interventions on professionals’ role preparedness. It is either driven by individual trainers with little time to contextualise and give tech-driven learning experiences, or it is dominated by self-learning content like MOOCs (Massive Open Online Courses), which have relatively poor completion rates.
The business offers services to the BFSI (banking, financial services, insurance), SaaS (software as a service), and healthcare industries, among others. Ganguly stated, “We are pleased to collaborate with GSV Ventures on this adventure. We are on our way to developing a powerful ed-tech company focusing on the global skilling potential.”
GSV Ventures managing partner Deborah Quazzo stated that “the company was glad to join with the AntWalk team because they add passion and purpose to one of the toughest issues in the corporate sector – reskilling and upskilling individuals to fit dynamic job needs.”
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