Courseplay, a software-as-a-service (SaaS) platform that offers enterprise solutions for automated training workflows, has raised INR 3 Crore ($402,919) in seed funding round led by Inflection Point Ventures.
With the fresh capital, the Mumbai-based startup plans to acquire more customers, develop new AI-driven capabilities, as well as for expansion across India, Southeast Asia, and the Middle East.
Founded in 2016 by Arjun Gupta, Courseplay provides end-to-end solutions in training delivery, employee engagement, workflow automation and impact measurement. The platform, owned and operated by Firstventure Corporation Pvt Ltd, captures data to provide growth suggestions to employers and their teams through its web application, chatbot, and mobile apps. Courseplay’s AI-powered talent experience platform provides clients with intelligent insights and recommendations for better employee performance.
Speaking about the company, Founder and Chief Executive Officer of Courseplay, Arjun Gupta, said, "Courseplay is changing the way employers look at enabling their teams for professional and personal development. Skill development alone is not going to cut it in this day and age, employers need to look at the growth and experience of their employees in the company."
According to the company, it has over 100,000 activities on its platform including e-learning titles, behavioural scorecards, coaching evaluations, performance management, assessments among others.
Founder and CEO of Inflection Point Ventures, Vinay Bansal, added, "Upskilling employees and improving workforce performance through regular staff training programmes has always been a must for companies across sectors. However, training employees offline is an expensive affair as it needs to fulfil multiple criteria including upgrade in training programmes, location, availability of trainers and employees and more.
Bansal further said, "Courseplay provides the most cost effective and scalable online learning technology solution which not only aims to provide a holistic learning experience at your convenience, but also tracks the performance of each employee along with needed recommendation and area of improvement, thus ensuring a high success rate of the training programmes. This online training programme has been the need of an hour especially with the world going digital due to COVID. Courseplay has some renowned brands which itself speaks volume of the brands end-to-end solution. We look forward to being a part of Courseplay’s next phase in their growth journey."
In 2020, Courseplay claims to have engaged almost 400,000 employees across India, Southeast Asia, and the Middle East. The startup counts Amazon, SpiceJet, Emami, Swiggy, etc., as its clientele.