Unitus Seed Fund Invests In iSTAR, Skills Training Company

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.

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 In many colleges, up to 85% of the graduates are unable to get desired career outcomes due to poor pedagogy, outdated content and lack of industry relevant training.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

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.

Sign Up for NextBigWhat Newsletter

Daily.

You May Also Like

Google Close To Getting Android Wear Smartwatches To Work With The iPhone

Google is apparently working on a way to get its Android Wear smartwatch platform work with Apple’s iPhone, and is close to finishing the final technical details. The move will allow Android Wear smartwatches (which are currently locked to Android devices) to go head to head with the soon to be launched Apple Watch. According to The Verge, Android Wear will work on the iPhone through a companion app that supports basic functions such as delivering notifications. Google will apparently stick to its Google Now styled cards for Android Wear on the iPhone, and will support voice search, info cards and voice actions.