Emversity raises $5 Mn in pre-Series A round led by Lightspeed and Z47

Entrackr · 13h

Beyond Odds Technologies, the parent company of skill-training platform Emversity, has raised $5 million in its pre-Series A funding round led by Lightspeed and Z47, with participation from Alteria Capital and Innoven Capital. Vivek Sinha, the former Chief Operating Officer (COO) of Unacademy, launched Beyond Odds Technologies with an initial investment of $11 million in April 2024. The seed funding round was led by Matrix Partners India and Lightspeed. The company now operates across 36 campuses in 18 states. The platform focuses on building a skilled grey-collar workforce in key sectors such as healthcare, travel, and hospitality. It plans to expand to over 75 campuses by the end of the financial year. Under the Emversity School of Allied Health Sciences, students are trained for roles like nurses, paramedics, lab technicians, caregivers, and other healthcare positions. The recently introduced Emversity School of Hospitality has partnered with major hotel chains to provide training in food and beverage service, room operations, and culinary skills. Emversity integrates industry-based training into higher education. Its model includes employer-sponsored stipends and industry-designed curriculum to improve job readiness and accessibility. The company runs two programs – SMART and EDGE – offering vocational and honors degree options in partnership with higher education institutions. Both programs include training, internships, and job placements.