Uppskill, an ed-tech company, has announced that it has raised $100,000 from Ok! Acquired, a Bengaluru-based investment tech firm, and its investors. This is the first institutional round of seed investment for uppskill. Uppskill’s current valuation is $1 million, courtesy to this new round of seed funding. Uppskill is a skill-based educational platform co-founded by entrepreneurs Arbab Usmani and Abhishek Kumar Gupta that transforms the way individuals study and build skills essential to obtain jobs or directly assist them in their companies.
Arbab Usmani, co-founder and CEO, Uppskill, “With this partnership, we aim to empower more people and make our ecosystem better. We will use this fund to scale our learning platform by investing in Technology so that we can impact more lives and empower more students.”, shared in a statement.
The online educational platform plans to use the funds to further develop its technology platform and expand into new training areas such as sales, operations, finance, and future technologies. This round of funding will also be utilised to expand into other cities for offline training as well as customised corporate training for groups and individuals.
Uppskill, a community of 27,000 members, has played an important role in marketing education, but they want to continue to improve and empower more people through their courses in the future. The Uppskill team is ready to take on new goals and targets in the near future with the help of seed funding by Ok! Acquired.
Ok! Acquired and Uppskill are now collaborating on their core goal of digital tech sector sustainability and growth, as well as growing together in the new, digital India. Arbab is in charge of Uppskill’s day-to-day operations.
As per the statement, Subh Jha and Sujit Jha – co-founders, ok! Acquired said, “India with its 1.2 billion population has an enormous demand for education in its core. Hence, with Uppskill’s deep understanding of this market, we want to penetrate the 101 billion edtech market. We firmly believe that we will be able to unleash student potential to learn and earn from Tier-2 and 3 cities with the Uppskill team.”
Uppskill’s mission is to help Indian residents bridge the gap between digital training and everyday life by providing them with appropriate training and education. Funding from the digital marketplace, Ok! Acquired supports them in strengthening their efforts to work on this aim by offering more technological advancements and teachings.