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HandyTrain Crosses 20,000 Paid Users, Raises $1M

The startup has raised close to $1 million from investors including Silver Range Investments of Hong Kong, Lumina Datamatics and Shun Yoshida, Managing Director at BoA Merrill Lynch Tokyo. This is the first Indian investment by Mr. Yoshida.

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HandyTrain Team

HandyTrain—a mobile SaaS platform for corporate training—has crossed over 20,000 paid users in under 12 months. These users are from premier clients like Uber, Cipla, Airtel, Kotak, ICICI Prudential and Future Group’s furniture and furnishing retailer HomeTown.

HandyTrain’s deployment at HomeTown has won the Gold at the Asian Customer Engagement Forum & Awards 2016 in the ‘Employee Engagement’ category, beating out 72 other shortlisted entries.

Investments in HandyTrain

The startup has raised close to $1 million from investors including Silver Range Investments of Hong Kong, Lumina Datamatics and Shun Yoshida, Managing Director at BoA Merrill Lynch Tokyo. This is the first Indian investment by Mr. Yoshida.

Individual investors are from a star-studded line-up that includes Mahesh Murthy (Founder and Managing Partner of SeedFund), R. Ramaraj (former CEO of Sify and co-founder of
The Chennai Angels), Siddharth Parekh (Founder of private equity fund Paragon Partners),
Avtar Monga (Chief Operating Officer of IDFC Bank), BS Nagesh (Vice Chairman of Shopper’s Stop) and Gautham Pai (Managing Director of the Manipal Group).

Client Successes

Mahesh Shah, CEO, HomeTown, Future Retail says, "We’ve managed to train 500+ sales people in 21 days, something that used to take months. Our sales force is more knowledgeable, more confident and interested in learning more”

Kotak Bank’s deployment of HandyTrain last month ramped-up to nearly 5,000 users in just 7 days of its program going live.

Strategic Global Partnership

A major development is also the strategic partnership with Lumina Datamatics, a global leader in digital content that derives 99% of its business from outside India. This will enable the deployment of the HandyTrain SaaS platform in global markets. “With 13 offices worldwide, 10 delivery centres and 2,000+ content specialists, we look to bringing HandyTrain to as many of our global clients and partners as we can” says Vidur Bhogilal, Vice Chairman, Lumina Datamatics.

Corporate India spends nearly $2 billion a year in training programs just for inducting new employees. However, the majority of these expenses are incurred in travel, logistics and accommodation. All of which have no co-relation to learning outcomes.

Says Gourav Jaswal, Director of HandyTrain “Corporate training is a market of staggering size. For instance, a year ago Accenture spent about $840 million on training their 375,000 employees globally. That's effectively over $2,000 (nearly Rs 1.5 lakh) per employee per year. Training is a universal service and therefore the addressable market for HandyTrain is eye-popping in scale.”

HandyTrain was born at Prototyze, the Goa-based incubator that’s also catalysed a clutch of other companies, including Mobiefit (a mobile fitness company), TempoGo (a transportation technologies venture), Seynse (pronounced ‘Sense’) a financial technology company that operates a digital lending platform called Loan Singh.


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