The round takes the company’s total funding to $46 million.

Emversity is operated by Beyond Odds Technologies, which was launched in April 2024 by Vivek Sinha, former COO of Unacademy, with an initial $11 million seed round led by Matrix Partners India (Z47) and Lightspeed. 

Soon after the launch, Emversity had raised $5 million in a pre-Series A round led by Lightspeed and Z47, with participation from Alteria Capital and InnoVen Capital.

The fresh proceeds will be used to expand Emversity’s presence to over 200 campuses, strengthen its position in healthcare and hospitality skills, and launch new verticals in EPC and manufacturing. 

It also plans to enhance its technology platform spanning career discovery, training, and employability outcomes, and explore access to select global workforce demand for India-trained talent.

Emversity works with universities to embed industry-aligned, work-integrated training into degree programs. The platform focuses on improving employability outcomes by aligning academic learning with real-world workforce requirements. 

It also runs employer-linked skill centres, particularly in healthcare and hospitality, in affiliation with the National Skill Development Corporation (NSDC).

In less than two years, Emversity claims to have scaled to 4,500 learners across 40 campuses. Its programs are designed with employers to create predictable talent pipelines, especially for sectors facing workforce shortages. 

The brand currently supports healthcare and hospitality roles, with learners placed across large hospital chains and hotel groups.

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Previously, KreditBee had raised over $43 million cumulatively in equity from investors including ICICI Bank and Arkam Ventures. According to the Bengaluru-based company, the proceeds will be used to expand its loan product offerings and strengthen its technology stack.

“…with a larger portfolio of loan products, our objective is to provide credit to over 180 Million New-to-Credit customers who were not provided formal credit earlier. This investment would help us take more positive steps towards achieving that,” the co-founder and CEO of KreditBee Madhusudan Ekambaram said in a statement.

Focused on full-stack digital lending for young professionals, KreditBee specializes in providing digital personal loans and consumer durable loans of up to Rs 2 lakh to both salaried and self-employed for a tenure of 2 to 15 months. The company claims to have a user base of over 20 million.

KreditBee app also provides a unified platform where multiple banks and NBFCs provide credit to the customers as direct lending partners. Along with its own NBFC, some other lending partners on its platform are Fullerton India Credit Company Limited, IIFL, Incred, Vivriti Capital Private Limited, AU Small Finance Bank and Northern Arc Capital Limited.

While KreditBee did not disclose the details of the transaction, an ET report said that the company’s existing investor Xiaomi has made a complete exit. Other Chinese backers Shunwei Capital and Kunlun have either partially or entirely exited after this round, the report added.

KreditBee directly competes with MoneyTap, EarlySalary, LazyPay and Sachin Bansal’s Navi.

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