The funds will be reportedly used by Crio to build its product and scaling its team as it plans to add more modules to serve a wider base of technology skills.
Bengaluru-based learning platform for software developers, Crio.Do, has raised $1 million in seed funding led by Flipkart Co-founder and former CEO Binny Bansal, along with former Flipkart employee-turned entrepreneurs, known as the members of Flipkart Mafia.
The funding round also saw participation from Amod Malviya, Vaibhav Gupta and Sujeet Kumar, founders of B2B ecommerce platform Udaan; Mekin Maheshwari, Founder, Udhayam Learning, and Ravi Garikipati, former CTO, Flipkart.
The funds will be reportedly used for building out its product and scaling its team as it plans to add more modules to serve a wider base of technology skills.
Founded in 2018 by former senior director of product management at Flipkart- Rathinamurthy R and Sridher Jeyachandran, who has also previously worked at Google, Crio provides personalised experiences for developers to help them learn the new skills. It uses 'worklike' micro modules to train developers rather than video tutorials. Some of its prominent customers include Flipkart, Visa and Capillary.
According to media reports, Binny Bansal said that there is an increasing need for qualified tech talent, which is a global problem as well as a huge market opportunity. He added that Crio has an exceptional team and its approach towards solving this problem is unique and backed with practical insights and experiences.
Binny has previously made 27 investments, some of which include in health and fitness company CureFit, online food retailer startup - Yumlane, and in some health-tech startups such as Nirmai Health Analytix and SigTuple.
Following the exit from Flipkart, Binny has taken up the role of Executive Chairman of xto 10x Technologies, which was founded by former McKinsey and Flipkart executive Saikiran Krishnamurthy. It is a tech startup that addresses issues related to scaling up for growth-stage startups globally.