Education startup Limberlink raises $2M from Accel Partners
Bangalore-based education services startup Limberlink Technologies Pvt Ltd has raised around $2 million from Accel Partners, according to sources privy to the development. Sources also added that the deal was struck earlier this year.
In spite of repeated attempts, the company spokesperson could not be contacted for comments.
The firm targets engineering students and provides out-of-classroom, beyond-curriculum training in core engineering concepts. For this, the founders, who are also former IISC (Indian Institute of Science) professors, have created a JED-I programme (stands for Joy of Engineering, Design and Innovation) and focuses on hands-on learning.
"Jed-i is about catalysing aspiring students to become gifted engineers who will then go on to be part of the global product and technology companies", said Manohar, co-founder and MD of Limberlink.
Limberlink has designed two programmes â€“ one starting in the first year of engineering (it runs for six semesters) and a 15-day boot camp for third-year engineering students. The mode of teaching is through videos, aired online. Text and audio also play alongside when a video is viewed by a student.
"Both founders happen to be academicians with deep experience in technology industry -- a rare combination. They bring a fresh hands-on approach to engineering education and have built a platform that effectively uses technology for improving education delivery. We are excited to partner with them," said Anand Daniel of Accel Partners.
Venture capital firm Accel Partners has been one of the most active early-stage investors in Indian technology arena. Most recently, it put $5 million, along with Tiger Global, in the SaaS-based customer support startup Freshdesk and prior to that, it also funded a medical technology company called Forus, in association with IDG Ventures .