05 December 2017, India:
Mobile SaaS (Software as a Service) platform, HandyTrain has raised $1 million in a Pre-Series A round led by NB Ventures. The startup is operated by by Handy Training Technologies Pvt. Ltd. It is a corporate training platform on which companies can create and deploy training programs.
The startup has more than 35,000 users in India, all are paid users. Its major clients are from premier companies like Renault, TVS Electronics, Logicash, Spree Hotels and Mahindra Insurance Brokers.
Co-founder and Chief Operating Officer (COO) of HandyTrain, Devadas Krishnan said, “We are growing our user-base roughly 50% quarter-on-quarter since the beginning of this calendar year”.
Co-founder and Head of User Engagement, Ralph da Silva said, “About 99% of users who sign up come on board, and over 95% complete the entire course on HandyTrain. This translates into a significantly higher propensity for the client to renew their SaaS contracts”.
Co-founder and Head Product, Utkarsh Apoorva said, “It is not only the content that is multi-lingual but also the entire interface of the HandyTrain user App. We’ve recently finished a pilot for a Chinese company that provides at-home senior care and employs hundreds of care-givers”.
Managing director of NB Ventures, Neelesh Bhatnagar said, “We see a recurring need for HandyTrain in the Middle East, given the transient worker population and the diverse catchment area that the labour and employee workforce comes from. We’ve are working together on a road map for expansion of the startup through our three-decade-old business network in the GCC region”.
NB Ventures is a $50 million Dubai based fund. Recently, NB Ventures led the Pre-Series A funding round in MobieFit. MobieFit raised ₹8.85 crore ($1.35 million) in that round. NB Ventures has also invested in TempoGo, home tutor provider Qriyo, logistics startup LetsTransport and HealthifyMe.
HandyTrain was founded by Devadas Krishnan, Ralph da Silva and Utkarsh Apoorva in 2015. The company was incubated at Prototyze, the Goa-based incubator which has launched a clutch of ventures that have collectively raised over $12 million. These include digital lending company Seynse, mfitness company Mobiefit and IoT plus SaaS platform for transportation TempoGO.
(Image – handytrain.com)