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August 12, 2013

Deal Alert: Head Held High raises Rs.2.5 Cr; in talks to raise Rs.20-Cr

Head Held High Services Pvt Ltd has raised a first round of investment of Rs 2.5 crore from Unilazer Ventures, five angels from the Intellecap Impact Investment Network (I3N). The angels included Pravin Gandhi, Jayesh Parekh, Reena Mithal and Sanjeev Shah, and US-based investors like Kartik Kilachand. 

Head Held High runs three initiatives - RubanShakti, a talent transformation platform where rural youth undergo a residential five-month programme that transforms them into knowledge-economy professionals; RubanSource, a platform that enables rural youth to deliver services like BPO, market surveys across sectors like agriculture, health, etc; and the Ruban Entrepreneur Forum that builds capacity in rural entrepreneurs and enables them to provide last-mile capability across sectors. 

The company, founded in 2012 by Madan Padaki and Rajesh Bhat, is already in talks for a Series A round of Rs 15-20 crore. The non-profit Head Held High Foundation will remain the single largest shareholder in the company. 

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