Bengaluru, Thursday, 18th April 2024: Beyond Odds Technologies, founded by former OYO and Unacademy senior executive Vivek Sinha, announced their seed investment of $11 million led by Matrix Partners India and Lightspeed, to build an employability-led training, certification, and recruitment platform for grey collared workforce. Other investors that participated in the round included InnoVen Capital (a Temasek subsidiary) and Alteria Capital. The company is also backed by reputed angel investors including Ritesh Agarwal (Founder, OYO), Gaurav Munjal (Founder, Unacademy), Mayank Kumar (Founder, Upgrad), Ramakant Sharma (Founder, Livspace), Abhishek Goyal (Founder, Tracxn), Rohit MA (Founder, CloudNine Hospitals), Sumer Juneja (Managing Partner, SoftBank), Puneet Kumar (Managing Director, Steadview Capital), and Abhinav Sinha (COO, OYO). The company aims to solve for the shortage of skilled labour-force in key nation-building sectors such as healthcare, education, hospitality, and construction. The platform will train candidates at scale and with high standards through programs that include ‘hands-on’ training with industry partners. In addition to tech-enabled training, it will also open physical centres to help create a ‘job-ready’ talent pool.

Matrixport, a crypto services provider, has closed a $100 million Series C funding round with a valuation of over $1 billion.The round was led by partners of DST Global, C Ventures and K3 Ventures, according to a press release on Monday.Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital also participated.Funding will go toward furthering research and development for its product offerings and security while enhancing the platform’s user experience, the firm said.To date, the Singapore-based start-up has raised $129 million.As of March 2021, the company said it holds over $10 billion in assets under management and has recorded $5 billion in monthly transactions across all products.Related StoriesCoinDCX in Talks With Facebook Co-Founder to Raise Up to $120M: ReportLending Platform Vauld Raises $25M in Round Led by Peter Thiel-Founded Venture FirmGenesis Digital Assets Raises $125M to Fuel US and Nordic ExpansionBiconomy Raises $9M to Make Building Dapps Easier for Developers

The startup plans to use the fresh capital to scale up operations, build a community of content creators, expand its presence across geographies and invest in technology for better recommendations.