Peakperformer, a tech-enabled coaching platform for managers that offers scalable, high impact leadership development solutions for different management level, has raised $3 million in seed funding round led by Sequoia Capital India’s Surge, alongside co-investors Antler India, Blume Founders Fund, and angel investors.
The Bengaluru-based startup plans to utilize the fresh capital for expansion into new markets, hiring vertical leaders and top talent, as well as for product and tech development.
Co-founded by Aishwarya Goel and Nilesh Agarwal in September 2020, Peakperformer enables organisations to create leaders at all career levels by coaching employees on areas like management, creative and communication skills through remote one-on-one sessions. Its curated mentoring topics include ‘Uncertainty and Decision Making’, ‘Ownership and Responsibility’ and Time Management amongst others. A full-stack solution, PeakPerformer uses 360-degree data to design a unique coaching journey for each manager, tying outcomes to both organisational and individual goals.
The digital coaching platform is currently working with a range of companies in the Internet, SaaS, pharmaceutical and financial sectors and these include notable brands like MPL, CRED, Pfizer and Societe Generale.
Talking about the company, Co-founder and CEO of Peakperformer, Aishwarya Goel, said, "Peakperformer helps companies bridge the gaps in necessary managerial skills by providing access to the right resources on-demand. We offer personalised one-on-one coaching sessions that are aligned to both the individual’s and wider company’s goals and our coaches come from a diverse array of industries."
The startup operates on a subscription model and offers annual subscriptions starting at $99 a month. Companies can license the software for managers undergoing training and the subscription cost will be based on the person’s experience level and other factors.
Since its launch, Peakperformer has seen 175 per cent revenue growth quarter-on-quarter. The company is part of Surge’s sixth cohort of 20 companies that build fresher, smarter solutions to help consumers and businesses adapt to a changing world.
Last year in July, Peakperformer had raised an undisclosed amount in seed funding round led by global venture capital firm Antler India, with participation from Gaurav Munjal (Co-founder and CEO, Unacademy Group) and Saket Agarwal (Angel Investor and Founder, Onnivation).