EduBridge, a Mumbai-based startup is offering skill development services to youths in semi-urban and rural areas has bagged $2.5 million in the series round of funding headed by Insitor Impact Asia Fund and present investors Acumen Fund.
The bagged capital would be utilized for expansions to Odisha, Gujarat, Bihar and Jharkhand.
IIM alumni group had set up the company in 2009 sharing vision to up list unemployed youths in semi-urban and rural areas by helping them with skill development training.
Speaking about the development, Girish Singhania, CEO stated, “We also plan to spend on integrating various technological applications into our system, improving accessibility of our services in rural India.”
EduBridge mainly provides four services EmployBridge, Team Bridge and SkillBridge and its projects. It has partnered with over 50 universities and colleges and is claiming to have reached 67% placement to its students.
The move of team bridge is to establish, manage and operate skill development centers all over India to act as bridge between unemployed youth and the industries seeking skilled manpower. The EmployBridge program is high quality training program focusedly designed for college students.
SkillBridge offers customized soft-skills/ behavioral skill training workshops for its entry level, midlevel and senior level professionals. Projects can be started by government and offering intensive training to its unemployed youth in village / small town after which these shall be giving access to job opportunities.
The startup presently has 60 training centers in the north east, Western and South India. It is claimed to have trained over 50,000 unemployed youth from rural India in last five years. EduBridge has also entered into a partnership with national skill development corporation to help skill India’s rural and semi urban youth.