Hero Vired’s Future Tech Domain Recorded An Impressive 20% of Its Total Revenue In the Past 12 Months

Aims to heighten focus in the domain with courses in Esports broadcasting, Extended Reality, Artificial Intelligence and Game Development

Hero Vired - India’s premium learntech company for professionals - recorded an impressive 20% of its total revenue in the last 12 months from its Future Tech domain.

Since the launch of the category in September 2022, this domain has witnessed growth, largely attributed to its pioneering position as a first mover and its key industry partnerships. In-lieu of the demand from the market, the company has today announced adding 10-12 courses in the next 2 years to enhance the focus on India’s Future Tech learning. Their expansion strategy will cover a diverse range of emerging tech programs such as Advanced Data Science, Extended Reality, Artificial Intelligence, Gaming, Esports and User Experience (UI/UX). To cater to the rapidly-changing and growing market size of Emerging Tech, Hero Vired has strategically aligned one-third of its workforce for the Future Tech domain to stay on top of the increasing demand. This forward-looking approach aligns with Hero Vired's core mission: to catapult Bharat into a prominent role on the global tech stage.

Talking about the expansion, Ms. Sushma Bharath, Head of Programs and Partnerships at Hero Vired said, "At Hero Vired, our main goal is to empower learners with the skills and knowledge needed to excel in fast-evolving technology fields. Industries like Gaming, Virtual Reality, Esports broadcasting, game development, and game streaming are rapidly growing, making it crucial to offer programs in these areas. We're strategically investing in and expanding our offerings in future tech domains to provide world-class educational opportunities to learners in India. This aligns perfectly with our vision to address the increasing demand for tomorrow's skill sets."

Hero Vired witnessed a remarkable growth in FY23, with revenue reaching a substantial 55 crores. Looking ahead, Hero Vired has set an ambitious target, aiming for a 2X revenue growth by the next financial year. To support these goals, the company maintains an active workforce of over 300 professionals, and it plans to add an additional 45-50 resources across various functions this year with almost one-third of its resources dedicated to building the Future Tech domain. These milestones underscore Hero Vired's unwavering commitment to excellence and innovation within the Future Tech domain.

The evolving tech market is positively impacting various industries in India. The Indian Augmented Reality and Virtual Reality Market is poised to reach a remarkable USD 9.28 billion by the year 2028, exhibiting a robust Compound Annual Growth Rate (CAGR) of 28% during the forecast period 2022-2028. Furthermore, India's gaming market is assured to witness an astounding growth trajectory from $2.6 billion in FY22 to an estimated $8.6 billion by FY27. These statistics underscore the dynamic and promising future tech landscape in India. Esports alone is projected to create more than 11,000 direct and indirect jobs by 2025. Alongside this, the country boasts a thriving ecosystem of 192 VR and 246 AR startups, which are establishing a strong base for the Indian extended reality industry.

In India, future tech is set to disrupt the defence, healthcare, media, entertainment, real estate and education industries thereby creating millions of jobs and opportunities in the next few years. In FY’23 alone, 290K new jobs were added in the Indian tech industry as per a NASSCOM report.

Hero Vired is constantly expanding its program portfolio based on the dynamic market conditions with more additions to the future tech domain alone.

Acknowledging market trends, Hero Vired aims to add new programs like User Design, Artificial Intelligence, and Machine Learning to their portfolio. Hero Vired laid the foundation of the Future Tech domain with its gaming and esports program in collaboration with Nodwin Gaming in September 2022, making it one of the first programs in the country to offer both theoretical and practical knowledge in Gaming and Esports through its immersive internships. Additionally, Hero Vired will continue to build the domain with strategic partnerships with industry leaders such as Snapchat, Unreal Engine etc.

About Hero Vired:

Hero Vired is India's premium LearnTech Company for professionals and higher education aspirants. The company is a startup venture of the Hero Group that offers career-relevant programs, in partnership with world-class universities to make learners more competent and industry-ready for emerging jobs and skills of the future. With best-in-class short and long-term learning programs, Hero Vired offers overall professional development via skill-based programs and courses that are imperative to a learner's growth in India's rapidly evolving digital economy.

Hero Vired Appoints Prarthana Agarwal as Head of Finance, Strengthening its Position in India's EdTech Industry

Hero Vired, India's leading LearnTech Company catering to professionals and higher education aspirants, announces the appointment of Prarthana Agarwal as its new Head of Finance. With an impressive track record in finance and strategic leadership, her addition to the organisation reinforces Hero Vired's position as a frontrunner in the rapidly evolving EdTech landscape.

As the Head of Finance, Prarthana will play a pivotal role in driving Hero Vired's financial growth by spearheading fundraising initiatives, streamlining processes and systems, conducting competition benchmarking, and identifying areas for improvement. Leveraging her extensive experience in finance, Prarthana is poised to lead the finance team and contribute significantly to Hero Vired's long-term success.

She brings in a wealth of expertise in strategic financial planning and analysis, with a proven track record in initiatives focused on risk reduction, productivity enhancement, and improved internal control. With over a decade of experience in the education and skilling domains, including acquisitions and fundraising, her appointment will fortify Hero Vired's financial foundations. Ms. Agarwal will oversee the company's financial stack, encompassing financial planning, expense management, tax compliance, financial legal compliance, and the establishment of a robust company portfolio to attract investor funding opportunities.

Talking about the appointment, Akshay Munjal, Founder, and CEO, Hero Vired, stated, "We are pleased to welcome Prarthana to the Hero Vired leadership team. With her exceptional financial acumen and in-depth understanding of the skilling landscape, she will be instrumental in streamlining processes and policies to ensure best industry practices and zero non-compliance."

Before joining Hero Vired, Ms. Agarwal served as the CFO at Centum Learning Ltd., where she demonstrated her prowess in implementing financial strategies that drove sustainable growth. Her professional journey also includes tenures at esteemed organisations such as PwC, Ernst & Young, and IL&FS Education/Skills Development Corp. Ltd. her wealth of experience and expertise will undoubtedly contribute to Hero Vired's continued growth trajectory.

Talking about her appointment, Ms. Agarwal, Head of Finance, Hero Vired said, “I am excited to be a part of a team that's revolutionising the way India learns and grows in its professional trajectory. Hero Vired is at the forefront of the LearnTech industry, and I am thrilled to contribute to the company's mission of providing career-relevant programs to professionals and higher education aspirants.”

Prarthana holds a Master's degree in Business Administration from the prestigious SP Jain Center of Management additionally, she has earned the prestigious designation of Chartered Accountant from the Institute of Chartered Accountants of India. Known for her strategic thinking, collaborative approach, and ability to deliver results in dynamic environments, she is well-equipped to lead Hero Vired's financial endeavors.

About Hero Vired:

Hero Vired is India's premier LearnTech Company, dedicated to providing career-relevant programs to professionals and higher education aspirants. As a startup venture of the Hero Group, Hero Vired partners with world-class universities to equip learners with the skills required for emerging jobs and the future workforce. Through a comprehensive range of short and long-term learning programs, Hero Vired facilitates overall professional development, ensuring learners' growth in India's rapidly evolving digital economy.

Hero Group Launches EdTech Venture Hero Vired

Hero Group has announced the launch of Hero Vired, a new edtech company. The edtech venture will offer an end-to-end learning ecosystem. It will make the learners industry-ready for the emerging jobs and professions.

The promoter of Hero Vired, Munjal family, is committing over USD 10 million (around Rs 75 crore) to offer learners overall professional development to make them industry-ready for employment.

With this launch, the Hero Group has entered the nascent upskilling industry. The upskilling edtech space already includes startups, like upGrad, Udemy, Great Learning, Simplilearn, among others.

Hero Vired platform has partnered with top global universities, including Massachusetts Institute of Technology (MIT) and Singularity University, to offer full-time and part-time programs in finance and financial technologies; game design; integrated programs in data science, machine learning (ML) and artificial intelligence (AI); entrepreneurial thinking and innovation; and full-stack development.

Akshay Munjal, Hero Vired Founder & CEO, said in a media statement, "it has been aimed at addressing the problem of employability in India and the skill gaps that exist in the industry at present."

"We have got a very large young population, which is definitely looking for jobs, currently either unemployed or not meaningfully employed. On the other hand, we have an industry which is starved for talent. What we are attempting to do is how do we solve this problem from where it originates from," said Munjal in a media statement to news agency PTI.