SaaS Based Corporate Training Startup HandyTrain Raises $1 Mn Funding

Mobile-based SaaS platform HandyTrain has raised around $1 Mn in funding from Silver Range Investments, Lumina Datamatics and Shun Yoshida, Managing Director, Merrill Lynch, Tokyo and other angel investors. This is Yoshida’s maiden investment in India.

Founded in 2015 and incubated at Prototyze, the startup is a mobile platform for corporate training that claims to slash cost and time, especially for programmes involving hundreds of people across scattered geographies. It provides accessibility, continuous assessment, engagement with a smartphone-based engine that enables real-time interactive training that is provided in bite-sizes.

Gourav Jaswal, Director, HandyTrain said, “Corporate training is a market of staggering size. Training is a universal service and therefore the addressable market for HandyTrain is eye-popping in scale.”

As per an official statement, it has crossed over 20,000 paid users in under 12 months. Its major clients include Uber, Cipla, Airtel, Kotak, ICICI Prudential, and HomeTown among others.

The startup has also entered into a strategic partnership with Lumina Datamatics, a media company, to further increase the former’s reach to global clients as well.

Earlier this month, Bengaluru-based mobile micro-learning solutions provider Oust Labs pivoted its business model from B2C to B2B. Prior to that, in August 2016, game-based learning platform for professional skills training ‘Nhance’ raised Seed funding.

Other players in the similar space include SimpliLearn, Market Motive, Digital Vidya etc.