Delhi-based vocational training provider SkillBoost has raised Angel funding from a group of private investors.
Although details of the deal have not been disclosed, SkillBoost plans on raising more Angel investment in the coming months according to DealCurry.
The startup which is incubated by the Indian Angel Network (IAN) plans on spending the money to add more products to its portfolio, to grow the team from currently nine people and to invest in marketing and sales.
Founded by former investment banker Abhinav Verman, SkillBoost aims to turn professionals and students into serious learners using its offer and thus make them more employable.
As a Microsoft Learning Partner SkillBoost currently trains workers and students in MS Excel. SkillBoost has an elearning component as the assessment takes place online. The training, however, is carried out in a traditional classroom. The team is now working on products for MS PowerPoint, Word and Access.
For now SkillBoost has sold to companies and colleges but has plans to target also target learners directly in the future. According to the startup it has trained more than 1,000 employees from 15 companies in 12 cities to date.
Proficiency in Microsoft Office products is still a searched skill by many employers throughout the world. A 2013 IDC study commissioned by Microsoft found that proficiency with Microsoft Office applications ranks high at No. 3 of the top 20 in-demand skills globally. The study also found that 29 percent of high growth or salary occupations call for Microsoft Office or Microsoft Office-related skills, such as word processing, spreadsheets and financial reporting.
Microsoft Thailand just partnered with the Office of the Basic Education Commission (OBEC) to give 8 million students and 400,000 teachers across the nation free access to Microsoft 365 for education over the next five years.
- IAN Incubatee Skill Boost Secures Angel Investment | Deal Curry
- HEDLINE: 8 million Students in Thailand to get Free Access to Microsoft Office 365 | EDUKWEST