The Company will use the fund to strengthen its team and set up a software platform.
ProEdge, which offers professional skill development and talent management solutions in BFSI, finance & accounts, and analytics, has received series A funding from an investment company backed by a few US and UAE-based high-net worth individuals.
The fund received will be used to strengthen its team and set up a software platform. The Company, which claims to be affiliated with about 150 colleges, is targeting to increase the number of college affiliations to 250.
The Bengaluru-based skill development startup offers courses tailor made to specific corporate requirements as well as generic courses, aimed at making students more employable.
“BFSI space in India has an ever-growing need to hire skilled manpower to serve a large pool of retail as well as business loan customers. To keep a check on escalating employee costs and to tackle the problem of attrition, there is an increasing need to hire freshers if they are adequately skilled,” says, Vamsi Akella, co-founder, ProEdge.