B2B ed-tech startup AntWalk was raised in a Series A round with the help of GSV. The round was also participated by Y Combinator and Matrix Partners India. The round was amounting to $7.5 million.
AntWalk is planning to utilize the fresh funding capital in the following ways:
- To strengthen the base of its Learning Experience Platform (LXP) by using gamification,
- Build content pedagogy through R&D, and
- Expansion of the sales and marketing team to widen the customer base.
AntWalk was founded by Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta, and Sudhanshu Shekhar in the year 2019. AntWalk’s founders belong to categories like former McKinsey consultants, ex-bankers, and former educators. The founders realized that there is a huge requirement for contextual knowledge transfer as employees join, grow, and shoulder larger responsibilities.
The motive of the AntWalk is to rejuvenate enterprise learning and development of industry-relevant content delivered by over 4,000 global professionals. The education takes place over live group sessions, one-on-one coaching, and gamified content.
GSV, the investor in this round believes in investing the money in exceptional technology entrepreneurs who create scaled solutions in the “pre-K to gray” digital education and skills market.
EXECUTIVE OPINION:
“The name ‘AntWalk’ was inspired by the way ants communicate and share intelligence with each other when they walk, reflecting the act of ‘collaborative social learning.’ We are well on our way to building a robust ed-tech company focused on the global skilling opportunity by leveraging this power of collaborative learning and are excited to partner with GSV Ventures on this journey,” said Joybroto Ganguly, Co-founder, and CEO of AntWalk.
“GSV Ventures is proud to align with Joy and the team who bring passion and purpose to one of the toughest challenges in the corporate world—reskilling and upskilling employees to match dynamic job demands,” said Deborah Quazzo, Managing Partner of GSV Ventures.
