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Skillveri raises Rs8 cr to train 500,000 youth for mfg

By Niranjan Mudholkar,

Added 12 January 2017

Startup that pioneered India’s 1st welding simulator receives investment from Michael & Susan Dell Foundation and Ankur Capital

Skillveri Pvt. Ltd. has raised an investment of INR 8 crores from the Michael & Susan Dell Foundation, together with Ankur Capital.

Pioneers behind the first welding simulator made in India, Skillveri will leverage this investment to enable training of 500,000 youth for well-paying aspirational manufacturing jobs over the next five years. It also expects to expand from its current manufacturing focus to four new industries and six geographies in the future. 

Founded by Sabarinath Nair and L. Kannan in 2012 to address India's skills gap, Skillveri was incubated at the Rural Technology Business Incubator (RTBI) in IIT Madras.

Apart from the founders, C Sivakumar and Rema Subramanian are Directors of the company. Today, it has the most widely installed simulator in the welding domain that trains low-income youth with high-quality manufacturing skills.

This is the only indigenous simulator and stands out as the most affordable product in the market. It is currently available at half the price offered by it its nearest competitor.

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