SkillVeri Raises Rs 8 Cr from Dell Foundation, Ankur Capital

Chennai-based Skillveri, which creates simulators for hard skills training, has raised Rs 8 crores in funding, from the Michael & Susan Dell Foundation, together with Ankur Capital.
The company will leverage this investment to enable training of 500,000 youth for manufacturing jobs over the next five years. And it also expects to expand from its current manufacturing focus to four new industries and six geographies in the future.
Founded by Sabarinath Nair and L Kannan in 2012, Skillveri offers welding simulator, which companies buy to train their welders on before they actually start working. Skillveri’s clients include Titan Company, Wheels India, Murugappa group, Daimler, Ashok Leyland and Sona Koyo Steering Systems.
“This investment will enable Skillveri to expand its presence into new geographies as well as foray into multiple new skill domains, such as painting, paramedical procedures, jewelry making, where manual dexterity is highly valued,” Skillveri founder and CEO Sabarinath Nair said.