UditGreyAtom, which is a Mumbai based ed-tech startup, has now secured $1.2 million in the funding round of seed, led by the Montane Ventures.
Some of the existing investors Pravega Ventures also participated in the round. Ritesh Arora, the CEO and Co-Founder of the BrowseStack, mobile testing and cloud web technologies, also participated in his personal capacity.
“We plan to utilise the funds by diversifying our product line up to include courses for front-end engineering, back-end engineering, automation QA as well as expansion across India. The newer programs will be launched with an “Income Share Agreement” where there is no upfront payment to be made by the learners, only when they get a job, they share a fixed percentage of their income with us,” said Mitul Thakkar, co-founder and CEO of GreyAtom.
“GreyAtom’s tech-first approach to skill learners beyond theory by focusing on application and practice enables the company to scale a business that’s typically dependent on instructors or online videos,” Bornstein added.