CIO Angel Network has invested undisclosed amount in Bengaluru based startup, Anakage. The company will use this fund to make its product better and will also add more content, which will resolve the training problems of its customers. The startup is planning to expand its reach in next 12 months.
Anakage is one of a kind “In App” product learning technology that allows customers to test and practice their usage skills by watching videos. The startup was launched by Rajeev Kumar and Prosenjit Ghosh in 2013. Users can test their skills through real time applications that give them better insight of the project. It also improves user’s productivity by reducing training and support costs by 80 percent.
The company also offers “In App” learning for enterprise applications like Epicor, SAP, Dynamics, Windows and MS Office suite. Users will be getting step by step instructions by its virtual trainer inside the applications, which also evaluates your usage skills. It also comes with offline mode that allows you to practice it at your own speed. Currently, the company has 100,000 users base and 60,000 training hours.
The marketplace for the company is huge, as there is not much competition here. This space compromises of $20 Billion IT education and training, multi-billion dollar IT desk and $3 Billion of annual global ERP training spend. Still, this is a good market and the company hopes to expand its user base in next few months.