VC Fund Investments
BFSI-focused skilling platform FinX raises $6-M from Elevar Equity
Mumbai-based skilling platform FinX has raised USD 6 million (INR 50 crore) in its seed funding round from impact investment firm Elevar Equity.The startup plans to use the fresh capital to establish 30 branches pan-India and bolster its education and employment exchange platform. A part of the fresh proceeds will also be deployed to expand its product portfolio and pursue strategic acquisitions in the BFSI and technology training space.Founded in 2019 by Himanshu Vyapak and Upasana Koul, FinX works with universities and colleges to bridge the gap between academic education and BFSI (Banking, Financial Services, and Insurance) industry requirements by offering vocational and industry-focused courses alongside degree programs.FinX currently claims to have about 80 and over 1,000 trainers spread across 100+ cities. It claims to have trained more than 40,000 students to date through partnerships with over 300 colleges across 12 states. FinX had acquired CIEL (Center for Investment Education and Learning) in 2019.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
