New Delhi-based B2B SaaS startup, Skills Caravan, has successfully raised an undisclosed amount in a seed funding round. The investment comes from a group of prominent angel investors, including Paras Berwala of Investec India, Abhishek Poddar from Macquarie Group, and Deep Bajaj of Sirona. With this financial backing, Skills Caravan is now poised to expand its operations in the United States.
Founded in 2022 by Sarita Chand and co-founder Dinesh Chaudhary, Skills Caravan is a pioneering Learning Experience Platform that leverages the power of AI to enhance the learning journey. By providing personalized educational resources and optimizing learning roadmaps, the platform aims to maximize employee potential and job performance within organizations.
At the forefront of workplace education revolution, Skills Caravan offers a comprehensive suite of products, including a Learning Experience Platform, Content Library, Engagement platform, Credentialing, and Impact reporting. Through its subscription-based business model, the startup focuses on delivering byte-size learning experiences. In fact, the company recently forged an exclusive partnership with renowned retailer Shoppers Stop, offering a convenient one-stop solution for employee learning.
While currently serving the financial services sector, Skills Caravan has ambitious plans to expand its presence in other domains as well. This strategic move to secure seed funding aligns with the company’s goal of establishing a strong foothold in the US market, further cementing its position as a leader in the B2B SaaS industry.
Sarita Chand, the Founder of Skills Caravan, brings a wealth of experience to the table. Prior to her venture with Skills Caravan, she co-founded Edupristine, a highly successful initiative aimed at bridging the skills gap among professionals. Edupristine garnered significant attention and secured Series A and B funding from prestigious investors such as Accel Partners and Kaizen Private Equity. The company was eventually acquired by Adtalem Global Education, a Fortune 1000-listed US-based company.
Before founding Skills Caravan, Sarita had also co-founded Edupristine, a venture aimed at bridging the skills gap among professionals, that subsequently secured Series A and B funding from Accel Partners and Kaizen Private Equity. Eventually, EduPristine got acquired by Adtalem Global Education, a Fortune 1000-listed US-based company.
The recent success of Skills Caravan is indicative of the growing trend in the B2B SaaS sector. It joins the ranks of other startups that have recently secured seed funding, such as Togai, which raised an impressive $3.1 million for product development and expansion, and Soptle, a SaaS-led B2B marketplace for FMCG manufacturers and retailers that secured $1 million in a pre-seed funding round.
As Skills Caravan gears up for its global expansion, the company is well-positioned to disrupt the B2B SaaS market, transforming workplace education and empowering organisations to unlock their full potential.