Skillphul Business Toys Pvt Ltd, which runs upskilling platform Moat School, announced recently that it has secured an undisclosed capital from online travel agency MakeMyTrip’s director at product management Anurag Verma.
According to Moat School, the fresh capital will be used towards developing its tech stack, product development and geographical expansion.
Founded by Uttam Tiwari, Omkar Raikar, Vaibhav Keskar, Manikanta Prasad and Balaji S in 2021, Moat School offers certified technology programs to students and professionals.
The company claims to have 1,000 applications with a 24% conversion to long-term courses. It also claims to have received over 2,000 monthly student inquiries and has recently launched its 40th cohort with 425 students and has a 70% placement ratio. And it targets to hit Rs 5 crore in revenue and aims for an 8X growth in the next 12-18 months.
“We empower potential leaders with skills needed for future careers, further boosting the growth of the digital-first corporate world,” said Tiwari.