Liquidity Programme Follows $30 Mn Series A Funding Led by Premji Invest
Higher-education employability platform Emversity has bought back employee stock options worth ₹6.5 crore from 20 employees as part of a liquidity programme. The buyback was offered to employees who joined the company on or before January 31, 2024, enabling early team members to realise value from their equity holdings.
The development comes shortly after Emversity raised $30 million in a Series A funding round led by Premji Invest, marking a major growth milestone for the young edtech and skilling platform.
Rapid Expansion Across Skill Centres and Campuses
Emversity is operated by Beyond Odds Technologies, which was founded in April 2024 by Vivek Sinha, former Chief Operating Officer of Unacademy. The company launched with an $11 million seed round led by Matrix Partners India (Z47) and Lightspeed, followed by a $5 million pre-Series A round backed by the same investors.
The platform currently has over 700 employees and operates across 24 states through more than 60 locations in India.
Employer-Led Training Model Targets Workforce Shortages
Emversity runs employer-linked skill centres, particularly in healthcare and hospitality, in partnership with the National Skill Development Corporation. The programmes are designed in collaboration with employers to create predictable talent pipelines in sectors facing workforce shortages.
In less than two years, the company claims to have scaled to 4,500 learners across 40 campuses. Its graduates are placed with major hospital networks and hospitality groups, reflecting growing demand for industry-aligned training programmes.
Keep building. Keep learning. Keep growing with StartupByDoc.