Dilip Modi-backed Omnia Invests Rs 7 Crore In Education Start-Ups
Dilip Modi-promoted Omnia Investments has funded candidate assessment venture Common Job Test and higher education firm Sunstone, picking up significant minority stake in both start-ups. According to a report by Economic Times, the total sum invested by Omnia in these early-stage start-ups amounts to Rs 7 crore.
Omnia is backed by Dilip Modi, managing director of the $2 billion (Rs 10,000 crore) mobility product and retail conglomerate Spice Mobility, with a corpus of Rs 20 crore to invest in early-stage education and tech start-ups.
Founded by Govind Wakhlu and Prashant Pitti six months ago, Common Job Test is a candidate assessment firm that helps job-seekers find employment in sales, marketing, admin, BPO and retail space by testing their job-related skills and sharing their scores with recruiters for free. Consequently, recruiters can increase their interview-to-conversion ratio by making quicker and better shortlisting decisions in the first place.
Sunstone Business School is founded by Rajul Garg, former co-founder of offshore R&D venture GlobalLogic. The business school offers a one-year MBA programme spread across five modules with specific focus areas. The B-school also has Dilip Modi (MD of Spice Global and current chairman of ASSOCHAM) on its executive board.
Modi has also set up a social fund called Ek Soch Mission to help entrepreneurs focusing on education, environment and mobile value-added services.
Incidentally, in November this year, Triumphant Institute of Management Education Pvt Ltd (T.I.M.E.), India's leading test-prep institute with a pan-India presence, has paid Rs 60 crore to acquire a majority stake in Veta, Asia's largest academy for teaching spoken English.