Former Unacademy COO Vivek Sinha has launched Beyond Odds Technologies with $11 million in seed funding. Matrix Partners India and Lightspeed led the seed funding. InnoVen Capital and Alteria Capital also joined the round.
Notable angel investors include individuals like Ritesh Agarwal of OYO, Gaurav Munjal of Unacademy, Mayank Kumar of Upgrad, Ramakant Sharma of Livspace, Abhishek Goyal of Tracxn, Rohit MA of CloudNine Hospitals, Sumer Juneja of Softbank, and Puneet Kumar of Steadview Capital.
Beyond Odds Technologies, based in Bengaluru, provides training, certification, and recruitment services for the grey-collar workforce. Essentially, it helps connect employers with suitable talent among students. This news follows an exclusive report by Moneycontrol in December, which mentioned the involvement of Ritesh Agarwal and Gaurav Munjal in the funding round.
Beyond Odds Technologies Launches Emversity
Beyond Odds Technologies will focus on training, certifying, and helping with job placements for the grey-collar workforce. It is launching Emversity, a higher education brand, starting with a center in Bengaluru on April 20. By June, six more centers will follow it in cities like Hyderabad, Delhi, Nagpur, Kochi, and Ranchi. These centers will offer bachelor’s degree programs, including nursing and certification courses, in partnership with universities.
Emversity will offer the first set of tailored programs in collaboration with leading healthcare institutions such as Fortis Hospitals and Core Diagnostics. They will also serve as recruitment partners for full-time jobs and internships. These will include undergraduate programs in emergency and trauma care technology, anesthesia and operation theatre technology, medical laboratory technology, and hospital administration. Certification programs in phlebotomy, nursing assistant, and dialysis technology will also be available.
Founder and CEO Vivek Sinha believes their platform will bridge the gap in the demand for a skilled workforce both domestically and globally. Emversity’s courses are designed to integrate industry-relevant skills with formal higher education, offering features like early income opportunities and extensive placement assistance.
Rajat Agarwal, Managing Director at Matrix Partners India, lauded Emversity’s dedication to preparing India’s youth for the workforce, emphasizing its role in fostering skilled manpower for emerging industries. He extended his best wishes to the Emversity team for their future endeavors.
Vivek Sinha’s Resignation from Unacademy
In August 2023, Vivek Sinha, after a three-year tenure, announced his departure from Unacademy. He previously served as business head at Oyo between April 2018 and September 2020. His resignation from Unacademy was part of a string of notable exits, including chief marketing officer Karan Shroff, chief of staff Abhyudayay Rana, and chief financial officer Subramanian Ramachandran. After his exit, Karan Shroff ventured into launching his own startup, LightFury Games, which recently secured $8.5 million in its Seed round led by Blume Ventures.
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