Coding Invaders

History

2022: Founders of the Russian online school SkillFactory raised $700 thousand for an EdTech project

As it became known in early June 2022, the founders of the Russian online school SkillFactory Alexander Turilin and Alexander Eroshkin attracted $700 thousand investments for an EdTech project in India. We are talking about the educational startup Coding Invaders, which was launched in March 2021.

Coding Invaders helps Indians learn specialties in the field IT and find a new job. By June 2022, two courses are available on the platform: on data analytics and fulsteck development in Python. Training involves personal classes with a mentor and career support with the possibility of employment in local and foreign companies.

Founders of the Russian online school SkillFactory raised $700 thousand for a new EdTech project in India

Coding Invaders believes that the platform solves the problem of an overheated personnel market in India. 80% of university graduates cannot find work due to the low level of higher education, and companies are massively experiencing a shortage of specialists.

This is due to the fast-growing startup market, the active digitalization of the Indian economy and the development of IT outsiders for the whole world in the country.

Шаблон:Quote "In fact, in Coding Invaders we export the working business model SkillFactory from Russia, which was previously underestimated in the Indian market," said Alexander Eroshkin, CEO and co-founder of Coding Invaders. It is expected that the volume of the Indian market for additional vocational education received online will reach $5 billion by 2025, increasing by about a third compared to 2021.

The first investments of Coding Invaders were aimed at creating a previously version of the project. After checking the operability of the concept, a business model was built, which, according to the creators of the startup, demonstrates growth - over the year from the summer of 2021, the platform's revenue increased 6.5 times, in May 2022 it reached $90 thousand.^[1]

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