Unitus Seed Fund has announced a new round of investment into its portfolio company iSTAR.
iSTAR is a skills training company that provides undergraduate students with training to make them readily employable. In many colleges, up to 85% of the graduates are unable to get desired career outcomes due to poor pedagogy, outdated content and lack of industry relevant training. iSTAR addresses the skills gap by employing trained faculty to deliver a tailor made curriculum to make the students job ready, with typical employment rates over 80%.
iSTAR raised their first round of funding in Apr ’13 from Unitus Seed Fund when they were present in 15 colleges serving 1,500 students with 12 trainers in the state of Karnataka. In the two years since their first investment, they have expanded their footprint to 150 colleges across 3 states and 17 districts with 150+ trainers for 17,000+ students. iSTAR will be using the new funds to expand operations to additional states across India and to invest further in their technology platform.