InterviewBit, a reskilling platform for college graduates and software engineers, has raised $20 million in a Series A funding led by Sequoia India and Tiger Global.
Global Founders Capital, the venture capital arm of Rocket Internet and some undisclosed investors also participated in this round.
The company will use the funds to scale up its enrollment and launch in new markets, while also investing in curriculum and live teaching product to enhance the student-teacher experience, it said in an official statement.
This is the InterviewBit’s first institutional investment round.
The startup was part of Sequoia Surge 01, the first cohort of the accelerator and incubator programme of multi-stage investment firm Sequoia Capital.
InterviewBit was founded in 2015 by Abhimanyu Saxena and Anshuman Singh. It is an online platform that teaches students and young professionals the skills needed for technology jobs. The platform also helps users to crack the recruitment processes and provides referrals to opportunities in the software industry across the globe.
It runs an online computer science programme for college graduates and young professional software engineers called Scaler Academy. It offers a structured six-month online programme to enhance the coding skills of professionals by creating a modern curriculum with exposure to the latest technologies. The students enrolled in Scaler Academy are mentored and taught by tech leaders and subject matter experts working with leading organisations including Google, Facebook, Twitter and Netflix.
Currently, 2,000 students are enrolled in the programme, the company said. It also claims to have graduated and placed several hundred software engineers at top technology companies like Google, Amazon, Microsoft and Samsung.
“A lot of young engineers don’t always have access and exposure to the relevant technical skills or recruitment processes of global companies. Our mission is to bridge that gap and help them grow in their careers,” Singh said.
Today, InterviewBit claims to have more than a million registered software developers with over three lakh monthly active users. Over 600 global companies such as Google, Uber, Amazon, Facebook, Flipkart, Myntra and Dunzo work with InterviewBit for their hiring requirements.
“There is a huge global scarcity of high-quality software talent, and we have experienced it firsthand across the portfolio. As a result, we were very excited about Anshuman and Abhimanyu’s vision to build an advanced online computer science program," Shailendra Singh, managing director, Sequoia Capital (India), said.