Hero Group launches Edtech venture Hero Vired with an investment of $10 million

  • Hero Vired has partnered with MIT, Singularity University, and New York-based Codeacademy.
  • The new edtech platform will focus on building skillset and reskilling India’s professional community.
  • The initial investment in the venture is upwards of $10 million, all from the Hero family.

Hero Group today announced the launch of its new edtech venture ‘Hero Vired’ to tap students who have completed schooling. The new edtech platform has partnered with the Massachusetts Institute of Technology (MIT), Singularity University, and New York-based Codecademy (the American online platform that offers free coding classes).

Hero Vired will be focused on building skillset and reskilling India’s professional community. The venture is initially backed by the parent company Hero Group with an investment of $10 million (about Rs 7.5 crore).

The venture will offer both part-time and full-time programs in finance, game design, integrated programs in data science, machine learning (ML), artificial intelligence (AI), entrepreneurial thinking & innovation, and full-stack development.

According to the statement, the edtech platform will offer two programs — a six months full-time program followed by three to four months of internship and a part-time program of over 11 months, with classes over weekends.

Commenting on the development, Akshay Munjal, Founder of Hero Vired, said, “Hero Vired has been aimed at addressing the problem of employability in India and the skill gaps that exist in the industry at present.”

The new venture will focus on three different segment of students:

  • Students who have passed 12th class and looking for quality education.
  • Undergraduates who are not able to get a meaningful job.
  • Working professionals who are looking to upskill their knowledge.

For a better and clear understanding of the curriculum, the program will offer one-on-one sessions for doubt clarification and personalized mentorship sessions, he said.

Due to the pandemic, the programs initially will be offered online, the first session is set to begin from July this year for two programs and others will be added accordingly, he said.

Also Read: Edtech major Byju’s acquires Aakash Educational Services, Worth nearly $1 billion

“We have always ensured the dissemination of practical knowledge benchmarked to global standards, and Hero Vired is a step ahead in this direction,” said Munjal, who is also the president of BML Munjal University.

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