AlmaBetter allocates Rs 50 cr fund, launches AlmaBetter Innovarsity

By India Education Diary Bureau Admin On Jul 31, 2023

Kalaari Capital-backed ed-tech institute AlmaBetter allocates funds of Rs. 50 cr with the launch of AlmaBetter Innovarsity, an innovative autonomous institute that offers niche technical education in Data Science and AI, and Software Development fields.

AlmaBetter Innovarsity has affiliated with Woolf, USA, a global collegiate higher education institution with the same accreditation as other EU universities. The Innovarsity will equip 5,000 learners with a globally recognized master’s degree in Computer Science, by April 2024. The company said a portion of the Rs 50 crore fund will go towards scholarships based on merit, financial aid, and improving students’ overall learning experience.

The curriculum has been designed by the best minds from academia and the industry, keeping in mind the evolving industry needs. On program completion, learners will be credited with 90 ECTS credits, making AlmaBetter’s master’s degree in Computer Science equivalent to an MS from any US or EU institution.

AlmaBetter Innovarsity’s postgraduate programs come with a placement assurance with their network of 700+ hiring partners. The institute will offer the master’s degree in CS with an option of four specialisations, including Data Science and Data Analytics, Artificial Intelligence and Machine Learning, Software Engineering, and Cloud Computing. These are 15-month programs that will propel learners toward high-growth careers in the tech domain.

The master’s degree programs are relevant for working professionals who want to switch into a rewarding tech career, as well as for recent graduates who are looking to venture into niche tech roles. The programs will allow learners enrolled with AlmaBetter Innovarsity to explore employment opportunities in India, the US, Europe, Canada and over 60 other countries.

This strategic partnership with Woolf marks AlmaBetter’s entry into the postgraduate education space in India. According to a recent report by Nasscom, in the upcoming financial year alone, the new-age tech industry is predicted to add about 3 lakh employees to its credit, taking the total tally of employees to almost 5.4 million. Addressing this opportunity, Shivam Dutta, Co-founder & CEO, said, ”Since the inception of AlmaBetter in 2020, the company’s mission has been resolute to empower capable and young tech minds across the country with the right skills so that they can build high-growth tech careers and contribute to the country’s tech advancements.

“The goal for Woolf has always been to make quality education accessible to learners from across the world. As a part of the Woolf ecosystem, AlmaBetter is aiding tech enthusiasts and learners to become the skilled workforce that today’s tech industry requires”, said Joshua Broggi, Founder and Head of Institution at Woolf. Woolf boasts of an exemplary Academic Advisory Council, which features prominent academics, including Pramath Raj Sinha, Founding Dean of the Indian School of Business and Founder of Ashoka University.

Over the past three years, AlmaBetter has placed over 3,000 learners in niche Data Science and Software Development roles with an impressive placement rate of 92%. Their network of hiring partners include industry giants such as KPMG, HDFC, Myntra, Blenheim Chalcot India, JP Morgan Chase & Co., and many more.