Chennai, India-based GUVI, operated by GUVI Geek Network Private Limited has raised Rs. 6 crores (about USD 800,000) from Education Catalyst Fund in a pre-series A funding round. Education Catalyst Fund is an education-focused venture capital firm managed by CPA capital.
GUVI is an Indian vernacular-based platform that offers online programming courses for engineers and developers . It was launched by SP Balamurugan, Arun Prakash, and Sri Devi in 2014 and was incubated by IIT Madras and CIIE (IIM Ahmedabad). GUVI platform is used in over 1000 engineering colleges. In 2018, GUVI raised funding from US-based Gray Matters Capital.
The funds raised are to scale operations, add new courses to the platform, and expand to new locations for GUVI’s blended (offline plus online) learning program ‘Zen class’, as per Balamurugan, CEO and co-founder of GUVI.
As per the platform, they have seen a surge in their users during the lockdown. The platform reported about 150,000 new subscriptions to their technical courses in just 12 days. The new users comprise both students and professionals.
Commenting on the investment, Bhavesh Hemani of CBA capital said, “The business model of Guvi is the 21st-century skilling solution that the country needs right now. It offers the perfect blend of online and offline courses with rising demand and early success evidenced by high rates of employment for students.”
Some of the languages in which GUVI offers its online and blended learning courses are Tamil, Telugu, Kannada, Hindi, Bengali, and English. The platform has helped train over 250,000 engineers and developers in Python, Java, Machine Learning and other programming languages. It has even helped learners get placed with IT firms.
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