A Startup of Twitter India’s former head, Invact Metaversity raised funding of $5 million. The funding round was led by Arkam Ventures, and also involved other global venture capital firms including Antler India, Picus Capital (Germany), M Venture Partners (Singapore), BECO Capital (Dubai) and 2am VC (United States).
Founded by Manish Maheshwari, the former head of Twitter India, and Tanay Pratap, Invact Metaversity is being built on the metaverse to foster an immersive environment conducive to learning, the company said in a statement.
The startup has also raised capital from over 70 individuals such as Balaji Srinivasan, former chief technology officer of Coinbase; Nithin Kamath, cofounder of Zerodha; and Kunal Bahl, founder of Snapdeal.
Invact Metaversity already has more than 70 entrepreneurs worldwide backing it through investments over the past month, including which include Balaji Srinivasan, former CTO of Coinbase and GP at Andreessen Horowitz, Caesar Sengupta, former Vice President and General Manager of Payments & the Next Billion Users initiative at Google, Benjamin Ampen, Managing Director of Twitter for Middle East and Africa region, Singapore-based billionaire Kishin RK of RB Capital and influencer Gregory Orosz, Author of ‘The Pragmatic Engineer’, Punit Soni, former CPO of Flipkart and Founder of Suki, Akshay Kothari of Notion, Nithin Kamath of Zerodha, Kunal Bahl of Snapdeal and Ankiti Bose of Zilingo.
“With focus on making education more accessible and inclusive, we’re excited to see how Invact Metaversity disrupts education in the country”, said Rajiv Srivatsa, Partner and co-founder at Antler India.
The funding is aimed at helping Invact Metaversity “build the metaverse of education”, Antler India said in a statement. “With focus on making education more accessible and inclusive, we’re excited to see how Invact Metaversity disrupts education in the country,” the VC firm’s Partner and co-founder Rajiv Srivatsa added.
Notably, Invact Metaversity is a platform built at the intersection of education and Web3. The startup aims at providing employability-focused training to help the workforce realign with the digital world and secure themselves jobs in high-growth tech companies.
“Metaverse is a concept that stands at a cusp where it will be a lead factor in transforming the educational landscape. We will use this investment to bolster the product and technology team for the Metaversity platform, build a virtual-first curriculum and expand into Europe and the US,” Mahieshwari, who is also the company’s chief executive officer, said.
