Amit Bhatia founded Aspire Human Capital raises $4.5 Million

Printer Print Email Email
Bangalore: Aspire Human Capital Management, a Gurgaon-headquartered education services firm that provides embedded employability and professional education to schools and colleges, has raised $4.5 million (around 20.2 crore) in its series B round of funding. The round was led by Foundation Capital and a personal investment from Neeraj Bhargava, Co-founder of Steer Capital. According to the company, it plans to utilize the fund in product development and expand its presence across 15 states, from eight states now, reports Sarimul Islam Choudhury from the VC Circle. Founded in 2004 by Amit Bhatia, Aspire provides embedded employability and professional education to schools and colleges, and currently has operations across 14 cities in India. Aspire offers in-campus education that enhances employability through its Employability Education Management System. Its services are catered to both students and corporate in the process of hiring fresh talent from campuses. Bhatia said, "We are embarking on a new growth orbit, with new leadership and new growth capital. This year, we plan to grow our student base three-folds from 15,000 currently and extend our offering from 14 cities in 8 states to 25 cities in 15 states. We will make a real difference to the lives of over 1 million students in 5 years." Along with this latest round of funding, Warren Weiss, General Partner, Foundation Capital, and Neeraj Bhargava have joined the board of Aspire as directors. "We are excited about the $1.4 billion market opportunity in embedded employability education, which is the best answer for India's skills gap challenge," Weiss said.