AlmaBetter allocates Rs 50 cr fund to launch AlmaBetter Innovarsity

Kalaari Capital-backed edtech institute AlmaBetter has allocated funds worth Rs 50 crore to launch ‘AlmaBetter Innovarsity’, an 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 in a press release. A portion of the fund will also go towards scholarships based on merit, financial aid, and improving students’ overall learning experience.

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, the company claims.

AlmaBetter’ network of hiring partners include industry giants such as KPMG, HDFC, Myntra, Blenheim Chalcot India, JP Morgan Chase & Co., and others.

Separately, edtech firm Physics Wallah has launched ‘PW Institute of Innovation’, a 4-year residential program in Computer Science and AI.