Bengaluru-based edtech startup Emversity has raised $5 million (approximately INR 42.6 crore) in a pre-Series A funding round. The round was led by existing backers Z47 and Lightspeed Venture Partners, with participation from Alteria Capital and InnoVen Capital.
Founded in 2023 by former Unacademy COO Vivek Sinha, Emversity offers skill-based certificate and degree programmes, primarily for students aspiring to enter the healthcare sector. The new funding will support Emversity’s expansion to over 75 campuses across India.
Training for Emerging Careers
Emversity currently operates in 36 educational institutes across 18 cities, including Hyderabad, Gurugram, Indore, Jamshedpur, and Pune. Its offerings prepare students for careers as nurses, paramedics, lab technicians, caregivers, and other allied health roles.
In a strategic move, the startup has also ventured into hospitality education by collaborating with two undisclosed hotel chains. These partnerships will facilitate training in hotel management, culinary arts, and food and beverage operations, with courses expected to commence this year.
Boost for Skill Development
The funding round comes amid rising national emphasis on vocational training. The Union Budget 2024-25 introduced a plan to train 20 lakh youth and upgrade 1,000 Industrial Training Institutes over five years. Additionally, the Centre approved the extension of the Skill India Programme until 2026, with an allocation of INR 8,800 crore.
Under this umbrella, schemes such as PMKVY 4.0, PM-NAPS, and JSS will continue, supporting skill development across sectors. So far, nearly 20,000 individuals have been trained in AI-focused courses under PMKVY 4.0, highlighting the growing appeal of specialised skill education.
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