Bangalore-based Linkstreet raises Series A investment from Faering Capital
Bangalore-based provider of cloud-based solutions using video for learning and collaboration, LinkStreet has confirmed an undisclosed investment in Series A funding by Faering Capital India Evolving Fund.The company plans to use the new investment in product and business development as it aims to quadruple its client base and double revenues over the next 12 months.
LinkStreet was started in 2011 by seasoned technology and business professionals Arun Muthukumar and Vikram Ramakrishnan with angel funding from Kushal Kumar after their careers with Cisco, Bell Labs, Booz & Company and Lehman Brothers globally. Linkstreet’s integrated cloud-based solution has independent modules that enable the full create – store – manage – deliver – monetize cycle to institutionalize learning.
Arun Muthukumar, CEO & Co-founder, Linkstreet said,
Linkstreet stands on the cusp of exponential growth and we are delighted with this investment from Faering Capital. Having the expertise and guidance of Aditya, Sameer and Ganesh to bank on is a huge bonus for us and will strengthen our prospects as we build Linkstreet into the ‘go-to’ platform for learning and collaboration for organizations of every size and scale, globally.
Founded by Aditya Parekh and Sameer Shroff, Faering Capital manages a Rs. 865 crore domestic private equity fund and has made 5 investments in 2014, and 12 investments in total thus far from this fund. Previous investments include: RBL Bank, Gokaldas Intimatewear, Biba Apparels, Manipal Health Enterprise, City Union Bank, NSE and Mahindra Financial Services. Following the investment Aditya and Sameer, have joined the Linkstreet board. Ganesh Lakshminarayanan, the Managing Director of Mu Sigma, the largest pure play decision sciences company, has also joined the Linkstreet board.
The impact of video learning is powerful, and therefore its potential as a service presents significant disruptive opportunities. Linkstreet has already built a robust and scalable product that client organizations have come to trust.
According to Ganesh, learning which is personalized, gamified, and consumed as entertainment is the best way for corporations to train their field force and Linkstreet is pioneering this model with their platform.
Linkstreet clients span the globe from the US to Singapore and include leaders such as Indian Institute of Management – Bangalore, Indian School of Business – Hyderabad, Children’s Heartlink - US, MIOT Hospitals, Indo-British Health Initiative, Columbia Asia, Teleradiology Solutions and Takshashila Institution.