Total amount raised
$13.7 Millions
Latest funding date
2/1/2024
Location
Virohan has successfully raised $7 million in funding, with its latest round being a Series B closed on February 21, 2024. The company has attracted a diverse group of 32 investors, including notable names like Vinita Bimbhet and MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC).
Keep reading to explore the intricacies of Virohan's fundraising journey and the investors backing this innovative EdTech platform.
What Is Virohan?
Virohan, founded in 2018, is a pioneering EdTech platform based in Gurgaon, Haryana, India. The company focuses on providing demand-driven training programs in the healthcare sector.
Co-founded by Archit Jayaswal, Kunaal Dudeja, Nalin Saluja, and Paarul Dudeja, Virohan aims to bridge the gap between education and industry needs. Their courses emphasize technical skills, language abilities, and life skills through a gamified blended learning approach.
With a team of 101-250 employees, Virohan leverages technology to predict job demand, mobilize youth, and connect them with employment opportunities in the healthcare industry.
How Much Funding Has Virohan Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2018
- Lead Investors: Yunus Social Business
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial training programs.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2019
- Lead Investors: Keiretsu Forum
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the reach of their training programs.
- Debt Financing
- Amount Raised: $450K
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and scale up training facilities.
- Series A
- Amount Raised: $2.8M
- Date: June 2020
- Lead Investors: elea Foundation for Ethics in Globalization, Keiretsu Forum
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand course offerings.
- Grant
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Wadhwani Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support educational initiatives and community outreach.
- Series A
- Amount Raised: $200K
- Date: May 2021
- Lead Investors: Rebright Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and scale their training programs.
- Convertible Note
- Amount Raised: $1.6M
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expansion and technology upgrades.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage cash flow and operational expenses.
- Series B
- Amount Raised: ₹562M ($7M)
- Date: December 2022
- Lead Investors: Blume Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their training programs and increase market reach.
- Series B
- Amount Raised: $1.8M
- Date: February 2024
- Lead Investors: Blume Ventures
- Valuation at Round: $51M
- Motivation Behind the Round: To further scale operations and enhance training infrastructure.
Total Amount Raised: $13.85M. Current Valuation: $51M.
Key Investors
- Blume Ventures
- Details: Blume Ventures is a leading early-stage venture capital firm based in India. They have been instrumental in supporting startups across various sectors.
- Investment Focus Areas: Technology, healthcare, education.
- Notable Investments: Unacademy, Dunzo, Virohan.
- Rebright Partners
- Details: Rebright Partners is a venture capital firm that invests in early-stage technology companies in Southeast Asia and Japan. They focus on companies with high growth potential.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Money Forward, Sansan, Virohan.
- elea Foundation for Ethics in Globalization
- Details: The elea Foundation for Ethics in Globalization is a philanthropic impact investor based in Switzerland. They aim to fight absolute poverty with entrepreneurial means.
- Investment Focus Areas: Social impact, education, healthcare.
- Notable Investments: Virohan, M-KOPA, Sistema.bio.
- Keiretsu Forum
- Details: Keiretsu Forum is a global investment community of accredited private equity angel investors, venture capitalists, and corporate/institutional investors. They provide funding to high-quality, diverse investment opportunities.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Virohan, Savara, Pivotal Systems.
- Yunus Social Business
- Details: Yunus Social Business is a philanthropic venture fund that turns donations into investments in sustainable social businesses. Founded by Nobel Laureate Muhammad Yunus, they focus on creating social impact.
- Investment Focus Areas: Social impact, education, healthcare.
- Notable Investments: Virohan, Waste Ventures India, Pollinate Group.
What's Next for Virohan?
Virohan stands at the cusp of significant growth opportunities, driven by the increasing demand for healthcare vocational training. With hybrid classrooms across more than 20 campuses and robust online training programs, the company is well-positioned to capitalize on the expanding edtech market.
Future fundraising appears promising, given the strong investor interest and the company's impressive valuation of $51 million. However, challenges such as managing operational costs and navigating a competitive landscape remain. Despite these hurdles, Virohan's strategic growth and market presence suggest a bright future, potentially attracting further investments and strategic partnerships.
Use Clay to Get Funding Data
Sales professionals, take your prospecting to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Virohan and gather other critical business insights.
Sign up for free on Clay and start transforming your sales strategy today.
