Hybrid vocational training startup SkillBoost secures angel funding

Delhi-based SkillBoost Services Pvt Ltd, a hybrid (online and offline) provider of vocational training in Microsoft Excel, has raised an undisclosed amount in angel funding from a consortium of private investors, according to news reports. The company will use the proceedings from this round for team expansion, sales and marketing activities and to expand its product portfolio.

We have contacted the firm for more details, and will update the report as and when we hear from it.

SkillBoost was founded in 2010 by Abhinav Verma (CEO), an alumnus of Indian School of Business (Hyderabad). Prior to launching this venture, Verma was a private equity associate at ICICI Venture. He had also worked at GE Capital and Merrill Lynch in the past.

SkillBoost provides hands-on training in Microsoft Excel to professionals and students in both online and offline modes. The firm follows a B2B model, wherein it partners with companies and universities for professional training. SkillBoost is also an official partner of Microsoft and is helping the company in branding and operations.

An Indian Angel Network incubatee, SkillBoost claims that it has already trained more than 1,000 professionals in organisations such as Ashoka University, Hindustan Unilever, Coca-Cola, RBS, Religare, General Electric, Bharti Group and YES Bank.