Bengaluru Based Edtech startup DataTrained raised a second round of funding of Rs12Cr from a pool of 3 investors including Ashish Nadiadwala (New York), Rupesh Sinha (Bangalore) and Mithlesh Thakur (Bangalore), all High Net world individuals for a stake of 20% in the company. The company has earlier raised 4Cr funding in 2016 from a New York-based Punjabi industrialist. Including this round, the company has raised a total of 16Cr funding till date.
The company will use the funds for expanding to new geographies, strengthening its product and technology team. It is also looking to invest in a classroom-based Data Science PG course in the next year start in Noida.
DataTrained is an edutech company headquartered in Bengaluru. DataTrained Analytics Academy offers 50 courses conducted by 60 highly rated faculty members. DataTrained under it’s brand name offers 11 months certificate course in Data Science with an assurance of 100% placement. They have tied up with more than 300 companies as hiring partners.
Commenting on the fundraise, Rashid Khan, CEO of DataTrained said” We are grateful that the investors have shown interest in our dreams. We will work towards bridging the wide shortage of talent in the industry and will try to train more and more youths. This funding is a significant milestone in allowing us to expand the business, strengthen development and create value in the market with our features. Our focus will always be to assure our students to get the highest quality, along with reliability & accountability. We look forward for more courses and grow DataTrained footprints at PAN India level.," he added.
Talking about the investment Ashish Nadiawala said “ We have full faith in the entire leadership of DataTrained, Jatin Juneja and Nikhil Mathur who have got promising plans to get a bigger slice in the analytics& education industry. They have the appetite to become a multibillion company in the future."