Linkstreet will use the new investment in product and business development as it aims to improve its client base and increase revenues over the next 12 months.
Following the investment Aditya Parekh and Sameer Shroff, co-founders and Managing Directors of Faering Capital, have joined the Linkstreet board. Ganesh Lakshminarayanan, the Managing Director of Mu Sigma, has also joined the Linkstreet board.
Aditya Parekh, co-founder and Managing Director of Faering Capital, said: “The impact of video learning is powerful, and therefore its potential as a service presents significant disruptive opportunities. Linkstreet has already built a robust and scalable product that client organizations have come to trust”.
Linkstreet clients include firms like Indian Institute of Management – Bangalore, Indian School of Business – Hyderabad, Children’s Heartlink – US, MIOT Hospitals, Indo-British Health Initiative, Columbia Asia, Teleradiology Solutions and Takshashila Institution.