The startup is involved in rural transformation in the states of Karnataka, Andhra Pradesh and Orissa. The training programmes start with a selection process of the applicants through an interview, post which they are trained in various skills. The skills trained in include English, computer, mathematics, logical reasoning, basic business related and life skills. The candidates are put through an exam based on completion criteria before the end of the programme. Following the programme, the youth will be able to find employments in industries like BPO’s and others.
The five angels involved in the fundraising include Pravin Gandhi, Jayesh Parekh, Reena Mithal, Prashant Thakker and Sanjeev Shah from Intellecap Impact Investment Network (I3N or I-cube-N). The company will be using the raised angel money to scale up its operations especially in the areas of rural youth training programmes.
The Head Held High team consists of Sunil Savara, Madan Padaki and Rajesh Bhat.
Last week Caravan Craft Retail Private Limited had raised Rs 1 cr from Unitus Seed Fund, an impact investment firm backed by Vinod Khosla and others. Unitus had said that the National Skill Development Corporation has committed to partly fund the venture already.
In July this year Community media company Gramvaani had raised $500,000 from angel investors including the Indian Angel Network. The startup provides Interactive Voice Response (IVR), a telephone based technology to create a social network for the undeveloped parts of the country.