From the Press Release:
TalentSprint, a pioneer in creating high performance professionals for the IT and BFSI industry, has raised INR 20 Crores in Series A equity funding from Nexus Venture Partners. As part of this Series
A investment Anup Gupta will join the company’s board of directors.
by industry veterans Madhumurty Ronanki, Santanu Paul, and J.A. Chowdary, TalentSprint
aims to skill 500,000 graduates by 2020.
TalentSprint, an NSDC partner company,
offers employability programs to young professionals using experiential
learning and iPEARL, its proprietary technology platform. The programs blend
diverse skills and are delivered by best-of-class, industry practitioners to students during or after
college, thereby greatly improving their prospects of getting employed when
they graduate. On the demand side, the company works closely with industry
partners to deliver productivity and efficiency gains in excess of 70% in terms
of new talent acquisition.
Santanu Paul, CEO and
Managing Director at TalentSprint said, “India has tripled the number of higher education seats since
2000 and will do so again between now and 2020. However, quality has become a
massive challenge. Our solution combines rich content,
industry-experienced instructors and technology-aided delivery to provide
meaningful employability outcomes. The near term goal is to integrate 100
colleges into the TalentSprint College Network.”
Anup Gupta, Managing
Director, Nexus Venture Partners, said, “Infusing quality into the higher
education system is essential for India to be able to sustain its economic
growth. We are very pleased to back TalentSprint’s strong management team
and its innovative model that brings skill development and industry expertise
to colleges and youth through smart use of technology. The goal is enable
up-skilling on a large scale without compromising on quality.”
is a pioneer in creating high performance professionals for the global IT and
BFSI industry through fast-track transformations. TalentSprint offers
employability programs that are delivered by best-of-class industry
practitioners using experiential learning and iPEARL, its proprietary
technology platform. The industry-relevant programs, targeted at young
professionals during or after they graduate from college, greatly improve their
prospects of getting employed.
The company has successfully graduated 3,000 professionals that
have been recruited by 60+ leading companies in the IT and BFSI sector.
TalentSprint has world class learning facilities in Hyderabad and Chennai and a
strong College Partner Network.
About Nexus Venture Partners
Nexus Venture Partners (www.nexusvp.com) is India’s leading
venture capital fund, with offices in India and Silicon Valley. It has $320m
under management and an active portfolio of over 35 companies across
technology, internet, media, consumer, business services sectors. The Nexus
team plays an active role in helping entrepreneurs and management teams build
market leading businesses.
Some of the companies that Nexus has invested in include Cloud.com (Cloud
provisioning platform acquired by Citrix), Gluster (cloud storage, acquired by
Red Hat), Pubmatic (Publisher Ad revenue optimization), DimDim (Web
Conferencing acquired by Salesforce.com), Snapdeal.com (eCommerce), Mapmyindia
(Digital Navigation), Netmagic (Managed Services acquired by NTT Com), Komli
(Online ad network), Prana (Animation services), Druva (Enterprise data
protection), Greywater (Waste Water Treatment), EyeQ (affordable eye
care),SohanLal Commodity Management (Agri-logistics solutions provider) and
Bigshoebazaar (Online wholesale cash & carry platform).Investors in Nexus
include leading university endowments, foundations and sovereign funds.