Airblack has raised INR 33 crores led by the Michael & Susan Dell Foundation with participation from Elevation Capital, Info Edge Ventures, Blume Founders Fund and Mars Shot VC. Airblack also added a clutch of industry leaders as angel investors, including Sairee Chahal, Founder SHEROES; Rahul Chaudhary, Co-founder Treebo; Ritesh Malik, Founder Plaksha, Mekin Maheswari, Founder Udhyam; Vijay K. Thadani and Rajendra Singh Pawar, Co-founders of NIIT Group.
The funds raised will be used to launch new virtual offerings to cater to skilling requirements across more domains, launch new programs and open hybrid learning centres in 10 cities over the next year where students from across geographies can enroll for high-quality learning experiences. The company has doubled down on its focus on driving student outcomes across Tier 1 and Tier 2 cities and emerged as a leading skilling player in the country with its focus on mobile-first delivery and learning-by-doing pedagogy.
