AntWalk , a B2B edtech platform, has raised $7.5 million in funding round led by GSV Ventures. Y Combinator and Matrix Partners India also participated in the funding round. The company will use the funds to strengthen its Learning Experience Platform (LXP) using gamification, build its content pedagogy through R&D and expand the sales and marketing team to widen its customer base.
Founded in 2019 by Ganguly, Basav Nagur, Sriramkumar Sundararaman and Sumit Gupta, AntWalk is an e-learning company that helps organizations accelerate and transform their learning and development model, paving the way for continuous learning by professionals
The company has more than 4,000 experts from more than 500 global brands who offer enterprise L&D with a role-focused capability academies approach which is a combination of industry-relevant content through live group sessions, 1:1 coaching, and gamified content.
According to the company, the enterprise learning and development industry is expected to reach $402 billion by 2025.
However, it said that the current L&D model is broken and siloed, which does not put professionals' role readiness at the center of learning interventions. It is either dominated by self-learning content such as MOOCs (Massive Open Online Courses) which have meager completion rates or driven by individual trainers who have limited bandwidth to contextualize and deliver tech-driven learning experiences.
The company caters to banking, financial services and insurance (BFSI), healthcare, and Software as a Service (SaaS) sectors, among others.
“We are on our way to building a robust ed-tech company focused on the global skilling opportunity, by leveraging the power of collaborative learning and are excited to partner with GSV Ventures on this journey,” Ganguly said.
According to the company, in today’s world, one size doesn't fit all when it comes to learning. While an entry-level sales associate would need self-paced content and 1:1 mock sessions to improve, a senior leader would need 1:1 coaching and live cohort sessions with peers to learn with contemporaries.
AntWalk offers solutions to help companies reskill and upskill their employees, Sundararaman said. Deborah Quazzo, the managing partner at GSV Ventures, is also a fan. “They bring passion and purpose to one of the toughest challenges in the corporate world – reskilling and upskilling employees to match dynamic job demands,” she said.