GrowthSchool, a community-led live learning platform based in Bengaluru, announced today that it has raised $5 million (Rs 37.5 crore) in a seed funding round led by Sequoia Capital India and Owl Ventures.
Over 80 angel investors participated in the round, including Kunal Shah (CRED), Nikhil Kamath (Zerodha), Ritesh Agarwal (OYO), Tanmay Bhat (YouTuber), and some international angels such as Austen Allred (founder Lamda school), Shaan Puri, and Eric Siu (Singlegrain).
GrowthSchool’s community-led cohort programs bridge the gap between industry requirements and existing academic curricula. According to the statement, the programmes are designed to teach skills that are relevant on the job in a short period of time, so students are immediately employable.
The platform provides a variety of programmes, including UI, UX, Performance Marketing, how to become a freelancer, how to build and sell your NFT, how to invest in cryptocurrency, how to start a D2C business, and so on.
Launched in 2020 as a bootstrapped startup with a small team of six people. GrowthSchool claims that nearly 200,000 users have accessed its programmes since its inception, despite the platform being in stealth mode for the majority of the time — a testament to the rapidly growing user demand for the programmes.
“I spent the last two years training over 100,000 people in growth marketing, and that’s when I realized most of the candidates wanted real-life skills that they can use to produce immediate results in their careers. When someone is actively seeking a job, they do not have the luxury of doing a long-term program that spans over months. That is how I founded Growth School, with the mission of helping people get the best skill upgradation from top professionals in the industry, over the shortest period of time,” Vaibhav Sisinty, Founder of Growth School, said.
GrowthSchool says the raised capital will be deployed towards team expansion and building a robust technology platform. Apart from this, The startup also has plans to venture into newer markets and as part of that foray, also explore metaverse for education, it said.
Additionally, The Bengaluru-based startup is aiming to expand the range of programs it offers as well as expand its reach beyond India, as most of the programs offered have a universal appeal and relevance, it adds.
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