Total amount raised
$10.7 Millions
Latest funding date
Location
Airblack has successfully raised INR 33 Crores in funding, led by The Michael & Susan Dell Foundation. The platform is a skilling academy in India, offering specialized training in beauty and culinary arts.
Keep reading to explore the intricacies of Airblack's fundraising journey and the investors backing this innovative platform.
What Is Airblack?
Airblack is a skilling academy in India that focuses on providing essential skills through specialized divisions in beauty and culinary arts. The academy aims to help individuals achieve meaningful lives and livelihoods through focused learning.
Airblack offers courses in beauty and culinary arts, providing hands-on learning experiences through "Do-it-together" (DIT) workshops. The academy connects students with top industry experts and offers live feedback, community learning, and a mobile app for seamless learning.
While the exact founding year and the names of the founders are not available, Airblack serves students from over 300 cities across India and the UAE. The number of employees is also not explicitly mentioned on the provided sources.
How Much Funding Has Airblack Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: May 2019
- Lead Investors: Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial offerings in the beauty and culinary arts sectors.
- Series A
- Amount Raised: $5.2M
- Date: June 2021
- Lead Investors: Elevation Capital, Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand course offerings and enhance the platform's technological infrastructure.
- Series B
- Amount Raised: ₹330M (approximately $4M)
- Date: December 2023
- Lead Investors: Michael & Susan Dell Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch new skilling programs, open hybrid learning centers, and expand geographical presence.
Total Amount Raised: $10.7M
Current Valuation: Not publicly disclosed
Key Investors
- Michael & Susan Dell Foundation
- Details: A philanthropic organization founded by Michael and Susan Dell, focusing on transforming the lives of children living in urban poverty through better education, family economic stability, and health.
- Investment Focus Areas: Education, family economic stability, health
- Notable Investments: Investments in educational initiatives and health programs
- Elevation Capital
- Details: A venture capital firm that invests in early-stage startups, particularly in India.
- Investment Focus Areas: Technology, consumer internet, software
- Notable Investments: Paytm, Swiggy, UrbanClap
- Info Edge Ventures
- Details: The investment arm of Info Edge, which is known for its investments in internet-based businesses.
- Investment Focus Areas: Technology, internet, consumer services
- Notable Investments: Zomato, PolicyBazaar, Naukri.com
- Blume Founders Fund
- Details: A fund associated with Blume Ventures, which invests in early-stage startups.
- Investment Focus Areas: Early-stage startups, particularly in the technology sector
- Notable Investments: Unacademy, Dunzo, HealthifyMe
- Mars Shot VC
- Details: A venture capital firm that invests in innovative and high-potential startups.
- Investment Focus Areas: Innovative and high-potential startups
- Notable Investments: Specific notable investments are not mentioned in the sources.
What's Next for Airblack?
Airblack is poised to seize significant opportunities by launching new skilling programs and opening hybrid learning centers in 10 cities. With a focus on driving student outcomes in Tier 1 and Tier 2 cities, the platform aims to expand its geographical presence and impact. The recent funding round of Rs 33 crore will be instrumental in achieving these goals.
As the demand for online and hybrid learning models grows, Airblack is well-positioned to attract further investments. The company's focus on profitability and expansion suggests potential for future funding rounds to support its scaling efforts. However, challenges such as competition from other skilling platforms and ensuring consistent quality across multiple locations remain.
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