Mumbai-based ed-tech startup GreyAtom has announced that it has raised USD 1.2 Million through a pre-series A funding round led by Montane Ventures and its existing investor Pravega Ventures.
GreyAtom was founded by Shweta Doshi, Mitul Thakkar and Mayuresh Shilotri in 2017.
The funding round was also participated by Ritesh Arora, Co-founder, and CEO, BrowserStack in his personal capacity.
The startup is an onsite school which aims to provide industry-relevant programs to the aspiring learners on emerging technologies like Machine Learning, AI, Data Science, and Full-stack engineering.
Commenting on the funding, Thakkar said, “Educational institutes haven’t been able to modify their curriculum so as to impart relevant skill sets to students. GreyAtom bridges the gap between learners and the industry by bringing them together on the learning platform Glabs that provides hands-on coding experience, mentorship and access to a huge peer community. We plan to utilise the funds by diversifying our product line up to include courses for front end engineering, back end engineering, automation QA as well as expansion across India. The newer programs will be launched with an “Income Share Agreement” where there is no upfront payment to be made by the learners, only when they get a job, they share a fixed percentage of their income with GreyAtom. This enables us to create a great amount of trust between us and the learners.”
“We are extremely excited to invest and join GreyAtom’s journey. The founder’s interest in education and their learning product Glabs impressed us the most”, said Josh Bornstein, partner at Montane Ventures. Josh added, “GreyAtom’s tech-first approach to skill learners beyond theory by focusing on application and practice enables the company to scale a business that’s typically dependent on instructors or online videos,” he added.
The company aims to become the only go to the credible alternative higher education system in the country and is following the road of tech-driven approach for the learning.