AntWalk

Key Highlights:

  • Edtech startup AntWalk has raised $7.5 Mn funding in its Series A round led by GSV Ventures.
  • According to startup, By 2025, the enterprise learning and development (L&D) industry is expected to touch $402 Bn.
  • AntWalk claims to have 400 brands on board to provide effective solutions for employee development, improving employees’ competencies and developing new capabilities.

Edtech startup AntWalk has raised $7.5 Mn funding in its Series A round led by GSV Ventures. Y Combinator and the startups existing investor Matrix Partners have participated in the round.

The startup was founded in 2019 by former McKinsey consultants, ex-bankers and former educators, including Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta and Sudhanshu Shekhar.

With these fundings, AntWalk plans to strengthen its Learning Experience Platform (LXP) using gamification and to build its content pedagogy through R&D.Apart its plans for a wider customer base and expands its sales and marketing team as well.

AntWalk was founded based on the realisation that contextual knowledge transfer is needed as employees join, grow, and take on larger responsibilities, the startup said.

According to startup, By 2025, the enterprise learning and development (L&D) industry is expected to touch $402 Bn.

The way ants communicate and share intelligence with each other when they walk, reflects the act of ‘collaborative social learning.’ and this inspired to name the startup “AntWalk”.
The co-founder and CEO of AntWalk said, Joybroto Ganguly. “The power of collaborative learning is helping us build a robust ed-tech company that serves the global skilling opportunity,”.

In addition to 5000 experts, AntWalk claims to have 400 brands on board to provide effective solutions for employee development, improving employees’ competencies and developing new capabilities.

According to the co-founder and COO of AntWalk, Sriramkumar Sundararaman, Its offerings are tailored to employees’ nuances based on their roles and functions. For example, he explained with an example “For a senior leader to learn with colleagues, 1:1 coaching and live cohort sessions would be more valuable than self-paced content for an entry-level sales associate”.

India’s edtech industry is experiencing a crisis at the time of the fundraising announcement. As a result of the economic downturn, several edtech startups, such as Matrix Partners’ Crejo. Fun and Gurugram’s Udaay, have closed their doors.

Meanwhile, edtech unicorns like Unacademy, Vedantu, Eruditus, and BYJU’s-owned WhiteHat Jr, FrontRow and Yellow Class, and Lido Learning have laid-off employees.

In 2021, edtech startups raised $4.7 billion from 165 deals, making them the third most funded sector. However, after six months, the funding amount reached $1.9 Bn.

For More Startup and Funding-related News Visit Alphafirm.

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