India: Online learning platform Springboard raises $31m led by Telstra Ventures

Springboard, a mentor-guided online learning platform that prepares people for in-demand careers, has raised as much as $31 million in its Series B round, per an announcement.

The round, led by Australian venture capital firm Telstra Ventures, has brought the total capital raised to over $50 million.

A host of other investors participated in the funding round. These include names such as Vulcan Capital, SJF Ventures, Costanoa Ventures, Pearson Ventures, Reach Capital, IFC, 500 Startups, Blue Fog Capital, and Learn Capital.

Springboard, headquartered in San Francisco and Bengaluru, launched its India operations as its first geography outside the USA in 2019.  It claims to have placed its learners in companies such as Samsung, Salesforce, Visa, LinkedIn, Cisco.

“India is witnessing one of its toughest challenges owing to the recent job losses that have impacted a large section of the workforce. It is therefore imperative for displaced workers to make the difficult transition into new, in-demand careers,” said Parul, co-founder, at Springboard.

The latest round of capital will enable Springboard to double down on student employability in response to the current job market in India and globally.

“Our remote-first, mentor-guided model is uniquely positioned to serve not only these individuals, but also universities and employers who need help navigating today’s new economic reality,” added Gupta.

Started by co-founders Gautam Tambay and Parul Gupta in 2013, Springboard focuses on a learning model through which it claims to have enabled thousands of successful career transitions into the most in-demand technology fields such as data science, user experience design and business analytics, via its job-guaranteed programmes that are taught entirely online.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.