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Pravega Ventures backs ed-tech startup GreyAtom

25 January, 2018

Ed-tech startup GreyAtom, which is run by Mumbai-based GreyAtom Edutech Pvt. Ltd, has raised $1 million (Rs 6.4 crore) led by early-stage fund Pravega Ventures.

GreyAtom is a boot-camp style immersive learning programme that helps aspirants learn data science, machine learning and artificial intelligence.

Founded by Shweta Doshi, Mitul Thakkar and Mayuresh Shilotri in February 2017, the company has on-boarded 35 firms as industry partners, empanelled 41 certified instructors and enrolled over 450 students under various programmes.

Aspirants learn technologies by working on real problem statements and datasets from GreyAtom’s industry partners.

GreyAtom is building a cloud-based learning platform called Commit.Live. “Employers are interested whether a prospective hire will be able to solve real-world problems. As a result, learning outcomes become more critical when teaching engineering disciplines. A mix of online-offline blended approach is the way forward. Commit.Live helps students solve real-world problems based on real data provided by industry partners,” Mitul Thakkar, co-founder of GreyAtom, said in a statement.

“We will be pumping in funds in two areas – technology and ecosystem. With Commit.Live, we are building an AI-enabled learning platform which will provide deep qualitative insight into a learner’s journey,” Mitul said.

“Team at GreyAtom is experienced and fanatic about driving learning outcomes for students and organisations looking to enhance employees’ skills,” said Rohit Jain, partner at Pravega Ventures.

The ed-tech startups that recently elicited investor interest include Bengaluru-based AEON Learning Pvt. Ltd, which raised $3.2 million (Rs 20.43 crore) in a Series B round from MEMG Family Office LLP this week.

Pune-based ed-tech startup Rubix108 Technologies secured $1 million in a pre-Series A funding round led by Polaris Fund last week.

Bengaluru-headquartered Butterfly Innovations Pvt. Ltd, the operator of ed-tech startup CollPoll which runs a communication and collaboration platform for educational institutes, raised an undisclosed amount of funding in a pre-Series A round last week.

Two weeks ago, Mumbai-based Ronnie Screwvala’s U Education Management Pvt. Ltd, which runs ed-tech startup UpGrad, said it will raise around $40 million (Rs 266 crore) in its first round of external funding.

In December 2017, Bengaluru-based online ed-tech platform Springboard raised $9.5 million (Rs 62 crore) in a Series A funding round.

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Pravega Ventures backs ed-tech startup GreyAtom

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