Virohan, a Gurugram-based company that provides healthcare-related educational courses and training, has raised $1.8 million (INR 14.9 crore), in an extended pre-Series B round led by Blume Ventures. The investment round was also joined by Mitsui Sumitomo Insurance Venture Capital, a venture capital fund managed by MS&AD Ventures, along with Suneight OK Partnership (Suneight), Bharat Inclusive Technologies, GoldenBird MultiProduct LLP, VVAG Partners, and individuals namely Pankaj Sharma, Sridhar Subramanian, Upasana Tilak Wadhwa, Viraj Nanda, Bhargav Suhas Jangle, and Vinita Bimbhet.
According to the regulatory filing with the Registrar of Companies, the board at Virohan has passed a special resolution to issue 1,226 pre-Series B2 compulsory convertible preference shares (CCPS) at an issue price of Rs 1,21,496 per share to raise Rs 14.9 crore or $1.8 million.
Blume Ventures infused Rs 6.15 crore while Mitsui Sumitomo Insurance Venture Capital and Suneight invested Rs 4.08 crore and Rs 2.48 crore, respectively. The remaining amount came from the other investors mentioned in the above paragraph, the regulatory filing further stated.
Founded in 2018 by Archit Jayasal, Kunaal Dudeja, Nalin Saluja, and Parul Dudeja, Virohan offers healthcare vocational training to students to build a career in the healthcare industry. It operates hybrid classrooms at over 20 campuses and online training across India in cities including Delhi, Gurgaon, Faridabad, Roorkee, Raipur, Mumbai, Nagpur, et al. The platform works with a passion to build a generation of learners who can grow their skills into a career. It provides a holistic education that equips students with both technical and soft skills that are required in the workplace. To achieve this, the company has developed a unique student journey that is tailored to the needs of each individual learner.
Prior to this round, the startup raised $7 million in funding led by Blume Ventures. Bharat Inclusion Seed Fund, Rebright Partners and Lesing Artha Limited, also participated in this round. To date, Virohan has scooped around $15 million from Rebright Partners, AngelList, and Elea Foundation among others.
