Bengaluru-based Nuvepro aims to bridge the skill gap in technology roles, especially in areas such as cloud and digital.
Upskilling and reskilling have become increasingly important for professionals in a dynamic and fast-paced job market. According to a report by the World Economic Forum, more than 50% of all employees will need reskilling by 2025, as the adoption and deployment of technology deepens.
Although there are a number of upskilling platforms available, ranging from Coursera to Udemy, Bengaluru-based Nuvepro is taking a different approach by providing more hands-on training to employees in a lab environment. The startup offers pre-configured labs with the requisite tools and assistance to help the workforce be deployed for newer projects.
Nuvepro CEO and co-founder Giridhar LV told Entrackr that a lot of companies do provide training to employees before deploying them onto a new project. However, in some cases some employees are turned down by clients (of such companies) as the training mostly focuses on theory. Nuvepro, on the other hand, tries to cover theory and practical training, and tries to reinforce the learnings by working on real-world customer scenarios, he added.
Nuvepro helps workers upskill in areas such as big data, cloud, AI, ML, and other related sectors. The startup already works with a bunch of Indian businesses, including TCS, GreatLearning, and Mindtree. In May 2022, the company partnered with Tech Mahindra to develop a project-ready workforce in cloud technologies.
Giridhar LV said that the company’s revenue model is based on the number of hours of usage of the platform. More than 200,000 hours per month on average are spent on the Nuvepro platform, he disclosed. The company has 25 monthly active customers, over 60,000 monthly active users, and 5,000 daily active users.
Since its inception in 2014, Nuvepro has raised $800,000 in external funding. Giridhar LV said that the company is not looking to raise more funds immediately as the current focus is on growing in a “measured way.”
“We’re at a stage where we will be profitable very soon,” he said, without divulging more financial details.
Nuvepro’s growth also includes expansion into international markets. Giridhar LV disclosed that the company already has customers in the US, and will look to expand its presence there. Also, it will look to tap into the UK and Ireland markets.
There’s an increased focus on upskilling and reskilling, which is estimated to be a market worth $370 billion. While global platforms like Coursera, aCloudGuru, and Udemy have become quite popular in this space, several Indian firms such as upGrad and NxtWave are too in the fray. And then there are free and paid programs from global internet firms like Google and LinkedIn.
Nuvepro, however, has a unique proposition that focuses more on keeping the workforce ready for instant deployment as well as keeping focused on in-demand sectors like cloud and digital.