TLDR: Beyond Odd Technologies Raises $11 Million in Funding
Key Points:
- Beyond Odd Technologies, a grey-collar training and recruitment platform, raised $11 million in seed funding led by VC firms Matrix Partners India and Lightspeed Venture Partners.
- The company is also backed by angel investors like Ritesh Agarwal, Gaurav Munjal, and other prominent names.
Grey-collar training and recruitment platform Beyond Odd Technologies, founded by former OYO and Unacademy senior executive Vivek Sinha, recently announced a successful round of seed funding. The $11 million investment was led by Matrix Partners India and Lightspeed Venture Partners, with participation from InnoVen Capital and Alteria Capital. Additionally, the company has received support from various angel investors.
The platform, known as Emversity, is focused on preparing India’s youth for employment in sunrise industries through vocational skills-based education. By offering courses with built-in income components and integrated work abroad modules, Beyond Odd Technologies aims to bridge the talent and skills gap in the current education system. Their efforts are applauded by industry leaders like Matrix Partners India and Lightspeed Ventures.
Founded in August 2023, Beyond Odd Technologies specializes in recruiting, training, and deploying candidates for grey-collar job roles in sectors such as healthcare, education, construction, and hospitality. Emversity, their flagship initiative, collaborates with universities to provide bachelor’s degree programs in allied health sciences, emphasizing industry-relevant skills and extensive placement assistance.
Overall, Beyond Odd Technologies’ innovative approach to enhancing employability and addressing the skills gap in the workforce has garnered significant support from investors and industry experts alike.
