Valuationary, an EdTech startup that upskills candidates with practical knowledge through self-paced courses curated by industry experts, has raised $100,000 in a pre-seed funding round.
The Surat-based startup received the latest funding from strategic investors & corporate leaders such as Ashish Jain (Ex-India Head, Enfusion), Ajay Surana (Ex-Director, Moody's Analytics- Singapore), Rachit Poddar (Venture Capitalist and Industrialist), Rajesh Gupta (Executive Director, Jaybharat Group), and Hetal Desai (Angel Investor). Existing investor Marwari Catalysts Ventures also participated in the round.
With the new investment, the company plans to build a stronger team by hiring talent for marketing and product development and to accelerate its growth in order to expand its footprint in India and international markets.
Co-founded by first-time entrepreneur and finance professionals Pratik Bajaj, Kunal Shah, and Mahip Gupta in 2020, Valuationary is an end-to-end upskilling and recruiting platform that helps candidates to bag deserving finance jobs and corporates to find the right talent with preferred skill set. Graduates and post-graduate candidates are trained by industry leaders for technical as well as soft skills to make them industry-relevant.
The startup's mission is not only to provide jobs through skilling but also to contribute to an individual's career through a continuum of opportunities and growth.
Speaking about the fundraise, Pratik Bajaj, Co-founder & CEO of Valuationary, said,
"We're thrilled to welcome strategic investors on our cap table. While the EdTech space is buzzed with coding and software development skills, non-tech upskilling & reskilling still remain not commonly talked about, despite non-tech jobs being a major portion of organised workforce. We understand corporations require a pre-trained high-quality candidate pool, which is what Valuationary is committed to delivering at absolute zero cost to our hiring partners."
The company claims to have taught and helped over 5,000 candidates find jobs from institutes including LSE, U-Warwick, SRCC, CFA, CA, etc, at PWC, KPMG, Goldman Sachs, and D.E.Shaw, to name a few.
Adding further on how the new investment will help the company, Mahip Gupta, Co-founder & COO of Valuationary, said,
"This fund infusion will help us further build a stronger team by hiring talent for marketing and product development and to accelerate its growth in order to expand its footprint in India and international markets. We'll also be utilising resources to build personalised corporate training and recruiting solutions."
Earlier this year, Marwari Catalysts Ventures, one of India's fastest-growing startup accelerators, had announced its EdTech cohort of selected startups, and Valuationaly was among these startups selected for the cohort.
Ashish Jain, Ex-India Head, Enfusion, said,
"We believe in Valuationary's vision, the model, the product, and most importantly, the executing team to make Valuationary a flagship name for financial role recruitment & training in the times to come. Being a part of the finance industry for the past 20 years, I understand the need of addressing the skills gap and Valuationary has created job programs that match the present and future requirements of industries. We are excited to work with the passionate founding team of Valuationary that sees this gap clearly and aspires to bridge it."
Valuationay had raised an undisclosed amount in its seed round from Marwari Catalysts Ventures in May this year.