Geekster, an upskilling company focused on tech jobs, has raised USD 1.3 million (INR 10 crore) in pre-series A round led by Inflection Point Ventures with participation from Japan-based MyNavi Corporation, a leading human resource service provider.
Existing investors We Founder Circle and Ah Ventures also participated in the round. The brand has raised a total of USD 1.5 million including the current round.
MyNavi is the leading Human Resource service provider with 10,000+ employees all over the world, and annual group revenue of more than USD 2 billion.
The funds raised will be utilized towards expanding the team and launching more programs, building scalable learning & hiring platform
The fund raised will be primarily utilized towards expanding the team. A part of the raised investment will also be exhausted in expanding the portfolio of offerings, adding new programs, and building scalable learning & hiring platforms.
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Geekster, an upskilling platform focuses on developing programming skills in students and making them work-ready for aspirational tech jobs. The startup does not charge any fee from the student until they land a well-paying job, and this value proposition makes it unique, especially among the students from tier 2 & tier 3 cities in the country, according to a statement from the company.
Talking about Geekster, Ankur Mittal, Co-Founder, Inflection Point Ventures says, “With the growing competition, job seekers are expected to be more skilled to be a cut above the rest. Geekster has been successful in designing a tech education platform with its unique model of skilling which allows tech graduates to hone their skills at zero cost until they get a paying job. And at the same time, it engages industry professionals as educators on the platform keeping the content relevant and practical.”
On the investment in an Indian startup, Hidekazu Ito, My Navi Corporation, expressed, “With an aim to contribute towards the upliftment of India’s Education and Human Resource space, we identified that many university students face economic difficulties in paying tuition fees, living costs, and other financial obligations. Geekster is addressing the challenge very well, and by supporting Geekster we together will be able to achieve our common goals.”
With a larger emphasis on the holistic development of the students, the company also aims to focus on fundamentals, specialized and advanced curriculum along with soft skill training. Geekster is currently helping 300+ companies hire the right tech talent for their teams including some top product-based companies, MNCs, and well-funded startups.
With this fundraise, Geekster aims to move another step ahead toward its mission of making a million students work-ready in the next 5 years.