Binny Bansal, Udaan's co-founders invest $1 Mn in Crio

A year old learning platform for developers, Crio has raised $1 million in seed funding from a group of former Flipkart employees including CEO Binny Bansal and B2B e-commerce platform, Udaan's co-founders.

The funding round also saw participation from Ravi Garikipatiis and Mekin Maheshwari, founder of Udhyam Learning Foundation.

The Bengaluru-based startup plans to use the funds to build out its product and scale the team, as it looks to add more modules to serve a wider base of technology skills.

Crio was founded by Rathinamurthy R in January 2018. The learning platform counts companies such as Flipkart, Visa, and Capillary as its clients.

At present, India has developer bases with about 40 lakh professionals. With the growing requirement of skills, there is a need to retrain professionals or graduates with newer skills. Despite a large developer base, talent supply is still not sufficient in terms of requirement. This makes them costlier for startups. This is where Rathinamurthy sees a bigger role for his firm.

In coming years, he aims to partner engineering colleges to make sure graduates that come into the market every year have skills they require to excel at the job.

Talking about Crio, Bansal said that there is an increasing need for qualified tech talent which is a global problem and huge market opportunity. Crio has an exceptional team and their approach towards solving this problem is unique, backed with practical insights and experience.

Bansal had also teamed up with former Flipkart executive and Mckinsey consultant Saikiran Krishnamurthy to launch xto10x.

Besides, Bansal has also made about a dozen investments in firms including SingTuple, Stellapps, Acko, Niramai Health Analytix, Ather Energy and Curefit.