Bengaluru— AlmaBetter, a leading edtech startup, has announced that it will allocate Rs 50 crore to its newly launched AlmaBetter Innovarsity. The Innovarsity is a postgraduate institution that offers online programs in data science, artificial intelligence, and software engineering.
The Innovarsity will be based in Bengaluru, and it will be headed by Dr. Manish Chandgothia, former dean of the Indian School of Business (ISB). The Innovarsity will offer a 15-month postgraduate program that will be delivered through a combination of online and offline learning.
“We are excited to launch the AlmaBetter Innovarsity,” said Mayank Kumar, CEO of AlmaBetter. “The Innovarsity will provide students with the skills they need to become the next generation of data scientists, artificial intelligence engineers, and software engineers.”
The Innovarsity will be funded by AlmaBetter’s existing investors, including Kalaari Capital, Sequoia Capital India, and Blume Ventures. The funding will be used to develop the curriculum, hire faculty, and market the Innovarsity.
“We are confident that the AlmaBetter Innovarsity will be a game-changer in the education space,” said Sandeep Singhal, managing director of Kalaari Capital. “The Innovarsity is well-positioned to meet the growing demand for data scientists, artificial intelligence engineers, and software engineers in India.”
The launch of the AlmaBetter Innovarsity is a significant development in the Indian edtech space. The Innovarsity is the first postgraduate institution in India that is focused on data science, artificial intelligence, and software engineering. The Innovarsity is well-positioned to meet the growing demand for these skills in India.