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May 26, 2014

Deal Alert: SkillBoost raises first round of funding from private investors

SkillBoost, a startup founded by ISB grad Abhinav Verma, a training firm focused on Microsoft Office applications, has raised its first round of funding from private investors. The company will use the funds for team expansion, marketing activities and expansion of SkillBoost’s product portfolio. 

SkillBoost has a B2B model where it partners with companies and colleges to train their staff. It follows a direct and indirect sales process. It has floated 2 products in MS Excel in the market and is developing similar products in MS PowerPoint, Word and Access. SkillBoost has trained over 1,000 personnel from over 15 companies, including Hindustan Unilever, Coca-Cola, RBS, Religare, HSBC, General Electric, Bharti Group and YES Bank. 

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