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Chennai-based Skillveri Training Solutions Pvt Ltd, which makes simulators to train workers on various industrial jobs, has raised ₹8 crore in a Series A round from Michael & Susan Dell Foundation, and existing investor Ankur Capital.
It had raised about ₹75 lakh in seed funding from Ankur Capital in 2015. In this round, the Michael & Susan Dell Foundation has put in about ₹6 crore and Ankur Capital the balance.
Skillveri now makes simulators to train workers in welding and plans to launch simulators in other applications such as painting, para-medical procedures and jewellery making. It will use the money for launching the new simulators, for product and market development.
With the funding now, Skillveri planned to introduce simulators for new industry segments and get into new markets. Last month, it had exported welding simulators for welding to the UAE and would be exporting them to a government training centre in Bhutan this month. There would be a big export push too with West Asia, East and South Africa, and South East Asia as good potential markets, especially in the construction and automotive sectors.
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