AntWalk, a B2B Edtech platform, has raised $7.5 Mn in a Series A investment round led by GSV. The round also saw participation from Y Combinator and existing investor Matrix Partners India.
Founded in the year 2019, AntWalk is the brainchild of former McKinsey consultants, ex-bankers and former educators, Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta and Sudhanshu Shekhar. They realised that there was a need for contextual knowledge transfer as employees join, grow and shoulder larger responsibilities.
The company said the funding will be used to strengthen the Learning Experience Platform (LXP) using gamification, build best-in-class content pedagogy through R&D, and expand the sales and marketing team to widen the customer base.
Sharing thoughts on the company’s fundraise, Joybroto Ganguly, Co-founder & CEO said, “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.”
Sumit Gupta, Cofounder, AntWalk added, “Acquiring the right skills at the right time from the right pool of global experts would not only help employees meet their immediate business goals, and become future-ready, but also benefit organizations in creating a high-performance workplace with proficient and motivated knowledge workers. It is crystal-clear that the value.”
The enterprise L&D (Learning & Development) Industry is expected to touch the $402 Bn mark by 2025, but the current L&D model is broken, siloed and does not put professionals’ role readiness at the center of learning interventions, informed AntWalk.
The edtech company said, the industry is dominated by self-learning content such as MOOCs (Massive Open Online Course) which have very low completion rates or are driven by individual trainers who have limited bandwidth to contextualise and deliver tech-driven learning experiences.
AntWalk plays its role here by rejuvenating Enterprise L&D with “Role-focused Capability Academies” – a combination of industry-relevant content delivered by 4,000+ global professionals through live group sessions, 1:1 coaching and gamified content.
“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,” commented Deborah Quazzo, Managing Partner of GSV Ventures.
For the uninitiated, AntWalk is an E-learning company that helps organisations accelerate and transform their L&D model, paving the way to continuous learning for professionals. The team consists of ISBians and ex-Mckinsey alums who are passionate about sharing, learning and growing together.