Nexus Venture Partner Invests R20Cr In TalentSprint
by Charmi Gutka
Hyderabad-based TalentSprint has raised R20Cr in Series A equity funding from Nexus Venture Partners.
As part of this Series A investment Anup Gupta- MD of Nexus Venture Partner will join the company’s board of directors.
Founded by Madhumurty Ronanki, Santanu Paul, and J.A. Chowdary, TalentSprint, an NSDC partner company, offers employability programs to young professionals using experiential learning and iPEARL, its proprietary technology platform.
iPEARL is Interactive Platform for Remote Employability and Learning, a remote classroom initiative. It is a platform built using frugal engineering that allows master trainers at urban locations to conduct life-size, fully-interactive experiential classes with remotely-located trainees in other urban or rural locations.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.