Y Combinator and existing investor Matrix Partners India also participated in the funding round, a senior company executive said.
The company will use the funds to strengthen its Learning Experience Platform (LXP) using gamification, build its content pedagogy through R&D, and expand the sales and marketing team to widen its customer base, said Joybroto Ganguly, cofounder and chief executive of AntWalk.
Founded in 2019 by Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit
Gupta and Sudhanshu Shekhar, AntWalk is an e-learning company that helps organizations accelerate and transform their learning and development (L&D) model, paving the way for continuous learning by professionals.
It has more than 4,000 experts from more than 500 global brands who offer enterprise L&D with a role focused capability academies approach which is a combination of industry relevant content through live group sessions, 1:1 coaching and gamified content.
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According to the company, the enterprise L&D industry is expected to touch $402 billion by 2025.
“But the current L&D model is broken, siloed and does not put professionals’ role readiness at the centre of learning interventions. It is either dominated by self-learning content such as MOOCs (Massive Open Online Course) which have very low completion rates or driven by individual trainers who have limited bandwidth to contextualize and deliver tech driven learning experiences,” it said.
The company caters to banking, financial services and insurance (BFSI), healthcare and Software as a Service (SaaS) sectors, among others.
“We are on our way to building a robust ed-tech company focused on the global skilling opportunity, by leveraging the power of collaborative learning and are excited to partner with GSV Ventures on this journey,” Ganguly said.
According to the company, in today’s world, one size doesn’t fit all in learning.
While an entry level sales associate would need a mix of self-paced content and 1:1 mock sessions to become better, a senior leader would need 1:1 coaching and live cohort sessions to learn with peers.
“AntWalk offerings are designed to cater to the nuances of an employee’s needs based on the function and role they are in,” Sundararaman, cofounder and chief operating officer, said
Deborah Quazzo, managing partner, GSV Ventures, said it was “proud” to align with the AntWalk 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.”
