Mumbai-based AltUni by InsideIIM, an alternative digital university, has raised $500,000 in funding led by Indian Angel Network along with contributions from many other angel investors, reported Entrepreneur India.

Other angels who participated in this round are — Vishesh C Chandiok, CEO of Grant Thornton Bharat LLP; Ganesh Balakrishnan, Harsh Parikh, Narayan Babu, Supreet Singh, Ashvin George, Prashant Mohanraj, Shreyans Mehta, Amit Monteiro, Raghav Joshi, Mainak Shome, Bhoopesh Jain, Sandeep Bhadresa among others.

Founded in 2020, by Ankit Doshi, AltUni provides short modules of immersive online learning courses. The university does not offer degrees or diplomas but facilitates a connection between learners and industry leaders, and provides opportunities to interview with India’s top companies.

AltUni had earlier raised $0.5 million in angel round, in February last year, from Amit Gupta, Mukesh Maniar, Rahul Gupta, Gautam Gurnani, Rajit Desai, Vandana Serrao, Saloni Doshi, Suhani Doshi and Saurav Tibrewal.

AltUni's mission is to enhance India's human capital. College education is not sufficient to be employable at a time when Artificial intelligence is threatening the existence of many jobs. AltUni helps early career professionals and college students gain skills that will future proof their careers for the next decade.

"AltUni's dedication to addressing the challenges in the higher education sector aligns with our mission to support innovative solutions. We are confident that this investment will help AltUni further its mission and bring about positive change in the education landscape", Padmaja Ruparel, Co-Founder, Indian Angel Network (IAN).


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