Indian edtech start-up Moat School, which claims to offer certified technology programmes, has raised an undisclosed amount in a Pre Series A funding round led by marquee investor Anurag Verma. 

In a press statement, the company said that it would utilise the funds to scale and expand its business operations. Additionally, the company aims to launch new products and wants to foray into new markets. 

Founded in 2021 by Uttam Tiwari, Omkar Raikar and Manikanta Prasad, the company is planning to bag Rs 5 crore in revenue in the financial year ( FY) 2023. It also targets to achieve 8-10x growth in the coming 10-12 months. 

The press statement claims that Moat School has earned good traction over a short period of time as it has trained more than 2000 students with over ten programmes. The courses were led by Garima Mehta ( design lead at EY), Shivam Chaube ( data science consultant at Deloitte), Sandesh Gupta ( head of Digital Marketing– USA and MPL) and Ashwin Kumar ( associate data science consultant at Capgemini). 

Moat School has also partnered with two NBFCs, IBM, Nasscom Future Skills, Hirist and Naukri for different strategic initiatives.

Sharing the funding announcement, Tiwari, CEO and Co-founder of Moat School, said, “We are glad to receive the funding for our effort that is closely tied with the developmental agenda of tech talent. We empower potential leaders with skills needed for future careers, further boosting the growth of the digital-first corporate world.”

Anurag Verma, the investor, said, “Moat School has built a strong tech product and platform which has resulted in good traction in a short period of time. Its growth is justified by the founders’ deep passion for affecting the lives of learners by consistently delivering high-quality lab-based programs taught directly by top corporate executives who have built great companies. It is strategically well positioned to acquire a bigger slice in the Indian EdTech pie with a scalable business model and positive bottom line.”