February 22, 2022
1 min read

Former Twitter head’s startup raises $5 mn from Antler India

“Metaverse is a concept that stands at a cusp where it will be a lead factor in transforming the educational landscape,” said Maheshwari…reports Asian Lite News

Invact Metaversity, founded by former Twitter India head Manish Maheshwari announced it has received $5 million in funding led by Antler India. Maheshwari said the startup will use the funds to build a metaverse of education and expand globally.

Invact Metaversity is a platform built at the intersection of education and Web 3.0.

Founded by Maheshwari and Tanay Pratap, it provides employability-focused training to help the workforce realign with the digital world and secure themselves jobs in high-growth tech companies.

“We will use this investment to bolster the product and technology team for the Metaversity platform, build a virtual-first curriculum and expand into Europe and the US,” said Maheshwari.

Antler India invested in the platform, along with Arkam Ventures (lead investor) from India, Picus Capital (Germany), M. Venture Partners (Singapore), BECO Capital (Dubai) and 2am VC (USA).

Global early-stage VC firm Antler is one of the fastest-growing VC firms in the world and plans to deploy $100 million to $150 million in more than 100 Indian startups over the next three years.

“With focus on making education more accessible and inclusive, we’re excited to see how Invact Metaversity disrupts education in the country”, said Rajiv Srivatsa, Partner and co-founder at Antler India.

Invact Metaversity has also raised capital from more than 70 individual investors, like Balaji Srinivasan (former CTO of Coinbase and GP at Andreessen Horowitz), Caesar Sengupta (former senior Google executive), Nithin Kamath (founder, Zerodha), Kunal Bahl (founder, Snapdeal), Benjamin Ampen (Managing Director Twitter MENA) and others.

“Metaverse is a concept that stands at a cusp where it will be a lead factor in transforming the educational landscape,” said Maheshwari.

“Our vision at Metaversity is not only to democratise education but also to provide high-quality learning at an affordable cost,” added Pratap.

ALSO READ-Daiwa introduces ‘Made in India’ Smart TVs

Previous Story

Malaysia, UAE cement economic ties at Expo 2020

Next Story

Galaxy Tab S8 trio launched in India

Latest from Business

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development
Go toTop

Don't Miss

India to work on common definition for start-ups

The focus of the Goa meeting will be to build

‘Indian startups with ‘strong fundamentals’ will survive’

Khosla and ChatGPT developer OpenAI’s CEO Sam Altman recently offered