Airblack has raised $5.2 million in Series A funding round led by Info Edge Ventures.
The round also saw participation from Elevation Capital, Better Capital, Atelier Ventures, Founder and CEO of Teachable – Ankur Nagpal, Kunal Shah, Ashish Gupta (Managing Director at Helion Ventures), Co-Founder and CEO of Meesho – Vidit Aatrey, Co-Founder and CTO of Meesho – Sanjeev Barnwal, Co-Founder of Udaan – Sujeet Kumar, Utsav Somani (Partner, AngelList India and Partner, iSeed).
Videt Jaiswal, Founder and CEO of Airblack, stated, “The Instagram and YouTube revolution has made people aware that there are hundreds of ways to earn a livelihood. Traditional edtech is just the tip of the iceberg and has been limited to a few skills. We foresee 100 million people becoming digital creators and freelancers in India in the next five years.”
“At Airblack, we are fueling this economy by empowering people to learn a practical skill in a fraction of time and cost of traditional education and launch their livelihoods on the internet. This fundraise bolsters our movement and allows us to take our DIT courses to millions of creators and micro-entrepreneurs,” said Videt.
Vaas Bhaskar, Vice President, Elevation Capital, added, “The future of work is going to look very different for Millennials and Gen-Z. A perfect storm of new aspirations, decline of old career choices, and new opportunities is brewing. India is already home to the second largest freelancer community in the world; and COVID has only accelerated this trend. We believe that Airblack is well placed to become the learning and enablement brand for millions of internet-first entrepreneurs in the coming decade. We invested in Airblack in their seed round and are thrilled to deepen our partnership with Videt and Vaibhav through this fund raise.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.