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NSDC, ILO ink pact to advance skill development and learning outcomes

YourStoryYourStory · 1y ago
NSDC, ILO ink pact to advance skill development and learning outcomes
Medial

The National Skill Development Corporation (NSDC) has partnered with the International Labour Organisation (ILO) to promote skill development and lifelong learning worldwide. Through this collaboration, individuals will be equipped with essential competencies and qualifications to enhance employability and sustainable economic growth. The partnership will focus on developing effective policies, governance, and financing structures, as well as implement the Skill India Digital Hub to streamline skill development initiatives and increase their efficiency. The collaboration also aims to facilitate public-private partnerships, knowledge exchange, and the development of digital tools to assess and compare skills and qualifications of Indian workers globally.

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Emversity raises $30 Mn in Series A led by Premji Invest

EntrackrEntrackr · 21d ago
Emversity raises $30 Mn in Series A led by Premji Invest
Medial

Emversity raises $30 Mn in Series A led by Premji Invest Higher-education embedded training and employability platform Emversity has raised $30 million (Rs 271 crore) in a Series A funding round led by Premji Invest, with participation from Lightspeed and Z47. The round takes the company’s total funding to $46 million. Emversity is operated by Beyond Odds Technologies, which was launched in April 2024 by Vivek Sinha, former COO of Unacademy, with an initial $11 million seed round led by Matrix Partners India (Z47) and Lightspeed. Soon after the launch, Emversity had raised $5 million in a pre-Series A round led by Lightspeed and Z47, with participation from Alteria Capital and InnoVen Capital. The fresh proceeds will be used to expand Emversity’s presence to over 200 campuses, strengthen its position in healthcare and hospitality skills, and launch new verticals in EPC and manufacturing. It also plans to enhance its technology platform spanning career discovery, training, and employability outcomes, and explore access to select global workforce demand for India-trained talent. Emversity works with universities to embed industry-aligned, work-integrated training into degree programs. The platform focuses on improving employability outcomes by aligning academic learning with real-world workforce requirements. It also runs employer-linked skill centres, particularly in healthcare and hospitality, in affiliation with the National Skill Development Corporation (NSDC). In less than two years, Emversity claims to have scaled to 4,500 learners across 40 campuses. Its programs are designed with employers to create predictable talent pipelines, especially for sectors facing workforce shortages. The brand currently supports healthcare and hospitality roles, with learners placed across large hospital chains and hotel groups.

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