Summary –
- Vivek Sinha, former Unacademy CEO, has launched Beyond Odds Technologies, a venture focusing on employability-led training, certification, and recruitment services for the grey-collar workforce.
- The platform, headquartered in Bengaluru, aims to bridge the gap between employers seeking skilled talent and students eager to enter the workforce.
- Under Sinha’s leadership, the company plans to expand to six additional cities, offering bachelor’s degree programs and certification courses in sectors like healthcare, education, hospitality, and construction.
Introduction
In a recent development in the education technology sector, Vivek Sinha, the former chief operating officer (COO) of Unacademy, has embarked on a new entrepreneurial journey with the launch of Beyond Odds Technologies. This venture, initiated with an initial investment of $11 million (INR 91.8 Cr), marks a significant step in addressing the challenges of employability and skill shortages in the workforce. The seed funding round was led by Matrix Partners India and Lightspeed, with participation from prominent investors such as InnoVen Capital, Alteria Capital, Oyo founder Ritesh Agarwal, Unacademy founder Gaurav Munjal, upGrad founder Mayank Kumar, Livspace founder Ramakant Sharma, and SoftBank partner Sumer Juneja.
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A New Approach to Skill Development
Beyond Odds Technologies, headquartered in Bengaluru, distinguishes itself by focusing on developing employability-led training, certification, and recruitment services tailored specifically for the grey-collar workforce segment. This innovative approach aims to bridge the gap between employers seeking skilled talent and a pool of students eager to enter the workforce. The company’s mission is to create a high-quality supply of skilled workforce from India to meet the demands of both domestic and global markets.
Empowering Students with Vocational Education
Speaking about the impact of Beyond Odds Technologies, Vivek Sinha emphasized the platform’s role in addressing the shortage of skilled workforce by offering courses that provide immediate income opportunities for candidates. The platform’s flagship initiative, ‘Emversity’, is set to inaugurate its first centre in Bengaluru on April 20, with plans to expand to six additional cities by June. These centres will offer bachelor’s degree programmes and certification courses in collaboration with reputed universities, catering to sectors such as healthcare, education, hospitality, and construction.
Strategic Partnerships and Expansion Plans
Beyond Odds Technologies has garnered support from key industry players and investors, including Abhishek Goyal, Rohit MA, Puneet Kumar, and Abhinav Sinha. The company’s strategic partnerships with healthcare institutions such as Fortis Hospitals and Core Diagnostics underscore its commitment to providing practical, industry-relevant education. Emversity’s collaboration with these institutions will enable students to gain hands-on experience through internships, further enhancing their employability.
Recognition from Industry Leaders
Harsha Kumar, Partner at Lightspeed, lauded Beyond Odds Technologies for its innovative approach to vocational education, emphasizing the importance of bridging the gap between demand and supply in the job market. Rajat Agarwal, Managing Director of Matrix Partners India, commended Vivek Sinha for his vision and leadership in establishing pioneering institutions that address critical challenges in the education sector.
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Conclusion
Beyond Odds Technologies, under the leadership of Vivek Sinha, is poised to revolutionize the landscape of vocational education and skill development in India. By leveraging technology, strategic partnerships, and industry expertise, the company aims to empower students with the practical skills and knowledge needed to succeed in today’s competitive job market.