Matrix Partners India invests in AntWak
6th April 2021. Bengaluru: AntWak, a Bengaluru based global experiential learning platform has raised its seed round of funding led by Matrix Partners India. Better Capital and Kunal Shah, founder, CRED Club also participated in this round.
As per India Skills Report, more than 50% of India's graduates are unemployable as there is a vast gap between what the modern industry demands and what the existing education infrastructure is able to fulfill, which is widening by a continuous demand for new skills for digital-first professions. Founded in 2020 by Basav Nagur, Joybroto Ganguly, Sudhanshu Shekhar, Sumit Gupta and Sriramkumar Sundararaman, Antwak strives to bridge this industry-academia gap and help young professionals accelerate their career trajectories by giving them access to the experiential know-how that resides with senior professionals.
Antwak today offers 1000+ free, bite-sized professional learning courses in 15+ domains such as cybersecurity, digital marketing, data engineering, user experience, sales & BD, data engineering, powered by 2,500+ experts from 500+ brands & corporates across 30+ countries. In addition, Antwak also offers a 16 week long premium live courses targeted at the billion Bharat dreams, at one-fifth the cost of peer firms and is again led by industry experts.
Through this infusion of capital, AntWak plans to invest deeper in content and education infrastructure, and build a world-class marketing and inside sales team.
Joybroto Ganguly, Founder, AntWak, said, "We are a passionate set of educators focused on bridging the industry-academia gap through our experiential learning movement. Today, the movement brings together professionals from 500+ top brands. We are solving for Bharat by offering our live classes powered by these professionals who have been there and done it and that too at a fraction of the cost of available alternatives. This is made possible through our focus on creating a lean business model and a low-cost customer acquisition engine.'
Rajat Agarwal, Managing Director, Matrix India, commented "Making our large workforce more employable and equipping them with 21st century skills is perhaps one of the most important strategic imperatives for India. AntWak is on a mission to provide high quality and relevant, yet affordable education to the next set of working professionals and help them kick start their careers. We are excited to partner with Joy and the Antwak team on this journey as they transform the Ed-Tech landscape for professionals!'
About AntWak:
Antwak is an experiential learning platform that offers a 16 week live courses powered by the industry's top professionals. Antwak enables college students and early professionals to get trained on in-demand skills and accelerate their career in digital first domains at a fraction of costs of available alternatives. For more information, visit: www.antwak.com. You can get in touch with the team at outreach@antwak.com
About Matrix Partners India:
Matrix Partners India is an investment firm with approximately $1 billion under management. Founded in 2006, the firm invests in companies targeting the Indian consumer and enterprise market at the seed, early and early growth stages. Matrix India has invested in several market leading Ed-Tech companies such as Camp K12 (global online school for 21st century skills), Testbook (online learning for govt. jobs recruitment exams), Toddle (SaaS enabled marketplace for the global teacher community) and Pesto (career accelerator for developers).
Other marquee investments include Ola (mobility), Dailyhunt (mobile local language platform), Mswipe (mobile POS), Five Star Business Finance (SME lending), OfBusiness (credit led B2B marketplace), Ola Electric (electric vehicles), Razorpay (payments), Stanza Living (tech enabled student housing platform), OneCard (mobile-first credit card), Country Delight (D2C dairy & fresh foods brand), and Cloudnine Hospitals (leading chain of maternity hospitals) among others. Matrix India has advisory offices in Bangalore, Delhi and Mumbai. Matrix Partners has a global network of funds investing in the US, China and India, with approximately $5 billion under management. Further information is available at www.matrixpartners.in. To know more about our investment philosophy & ideologies, check out the #MatrixMoments podcast series.
