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Matrix-Backed AntWalk Raises $7.5 Mn In Series A Round

This infusion of capital will be used to strengthen the Learning Experience Platform (LXP) using gamification, build best-in-class content pedagogy through R&D, and expand the sales & marketing team to widen the customer base

AntWalk, a B2B Ed-Tech platform, has raised $7.5M in a Series A investment round led by GSV Ventures. The round also saw participation from Y Combinator and existing investor Matrix Partners India.

 

Founded in the year 2019, AntWalk is the brainchild of former McKinsey consultants, ex-Bankers and former educators, Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta and Sudhanshu Shekhar, who realized that there is a need for contextual knowledge transfer as employees join, grow and shoulder larger responsibilities.

The enterprise L&D Industry is expected to touch the $402B mark by 2025, but the current L&D model is broken, siloed and does not put professionals’ role readiness at the center 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. AntWalk is on a mission to rejuvenate Enterprise L&D with a unique “Role focused Capability Academies'' - a combination of industry relevant content delivered by 4,000+ global professionals through live group sessions, 1:1 coaching and gamified content. These global professionals currently work at renowned firms and have walked the same path as learners.

This infusion of capital will be used to strengthen the Learning Experience Platform (LXP) using gamification, build best-in-class content pedagogy through R&D, and expand the sales & marketing team to widen the customer base.

Joybroto Ganguly, Co-founder & CEO proudly affirmed, “The name ‘AntWalk’ is inspired by the way ants communicate and share intelligence with each other when they walk, reflecting the act of ‘collaborative social learning. We are well on our way to building a robust ed-tech company focused on the global skilling opportunity, by leveraging this power of collaborative learning and are excited to partner with GSV Ventures on this journey."


Sumit Gupta, Co-founder, AntWalk added, “Acquiring the right skills at the right time from the right pool of global experts would not only help employees meet their immediate business goals, and become future-ready, but also benefit organizations in creating a high-performance workplace with proficient and motivated knowledge workers. It is crystal-clear that the value created by leveraging the expertise of global professionals is immense for growing organizations.”

Sriramkumar Sundararaman, Co-founder & COO, AntWalk added, “In today’s world, learning is possible in a plethora of ways; one size doesn't fit all. 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.”


“GSV Ventures is proud to align with Joy and the 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”, commented Deborah Quazzo, Managing Partner of GSV Ventures.

 

"We're excited to double down on our investment in AntWalk as they strive to re-imagine the corporate learning market globally. We're fortunate to be early partners with Joy and the AntWalk team on this journey and welcome GSV to the partnership!”, commented Rajat Agarwal, Managing Director, Matrix India

 


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Matrix-Backed startup AntWalk Series A round

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