Bangalore: iStar, a Bangalore based training and skill-developing startup, raises an undisclosed amount in second round of funding from United Seed Fund. iStar had raised their first round of funding from United Seed Fund in April 2013 and has been a part of USF ever since. The company plans to utilize the funds to expand its operations across more states and to work with department of higher education in the state of Kerala, whilst developing their technology platform. Founded in 2010 by Surga Thilakan and Sreeraman Vaidyanathan, iStar provides under-graduate students with high quality industry based training that will make them readily employable. In most of the colleges, up to 85% of the students are not able to get the desired jobs due to lack of proper skills, inefficient training, outdated content and lack of knowledge industry related practical knowledge. iStar addresses these issues by employing trained faculty to deliver a tailor made curriculum to make the students job ready after their graduation.
Since its inception, the company has expanded its area of operation to 150 colleges across 3 states and 17 districts. It has a teaching faculty of 150 trainers to train over 17,000 students. iStar has also been recognized by the Government of India’s National Skill Development Corporation as a partner institution and has received the prestigious Power of Ideas Award in the Social Enterprise category in 2010.