Springboard: How This Ed-Tech Startup By Nri Bags $31M In a Series-B Funding

The only way to communicate, share, learn, and upskill was through online. While there are already many big and established players in this game, new ones too are striving to make their mark in this arena. One such name is Springboard. A San Francisco based company that recently raised $31 M.

ABOUT SPRINGBOARD AND ITS STARTUP JOURNEY

Springboard is an online tech-ed company to upskill students and professionals. Recently, it has raised $31 Million in a Series-B funding round led by investors like Telstra Ventures. The other investors involved in the Series B round were Vulcan Capital and SJF Ventures, and returning investors Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation (IFC), 500 Startups, Blue Fog Capital, and Learn Capital. Springboard was founded in San Francisco by Parul Gupta and Gautam Tambay, back in 2013, with the name ‘Slide Rule’. Parul Gupta was working in IBM Research, after completing her education from IIT Bombay. 

While Gautam Tambay has worked in companies such as InMobi, Bain, Capital One. He had pursued his education from IIT and Wharton. The founders define their company as the online mentoring
startup which is bridging the gap and preparing young professionals for the digital economy through affordable, high-quality education. The company’s vision is to create a viable alternative to university education. It was named springboard in 2015. The company opened its first outside USA office in Bengaluru in 2019.

COMPANY’S WORKING AND ITS FUTURE PLAN

Company mentors on various skills, likes, Machine Learning, Data Science, UI/UX design by experienced professionals.
It has claimed to cover around 10,000 students so far in 100 different countries. When asked about being late in the business, when already many big companies are tremendously growing there such as Udemy, UpGrad, Shaw Academy, and others, Gautam Tambay told that although they were new in the market, they still had a large sum of people who were still new to it or
searching for the right option. Springboard is one of its kind in many ways. Some of its USPs are, 1:1 mentor to student ratio, personalized employability forecast, and placement assistant to all students after the completion of the course. The courses involve a project-based curriculum, where the students get to work on real-world projects.