Online life-skills development platform for children, Uable, raised $3.5 mn in pre-series A round led by JAFCO Asia and Chiratae Ventures with participation from existing investor 3one4 Capital. With this round, Supriya Singh, Director of South Asia investments, JAFCO Asia, will join the Uable board. The fresh funds will help Uable build a global team, scale the product globally, and add more real world domains for teenagers to explore.
Upon receiving funding, Saurabh Saxena, Founder and CEO, Uable, said, “At Uable, we are challenging the status quo of education, where for decades and possibly centuries, the notion that securing the highest marks, grades, and degrees alone determined one’s future and chances of success. However, we are here to change that notion and bring a paradigm shift in education."
Uable aims to empower teens between 13 and 18 years of age to discover and design their own career paths in the 21st century future of work domains including but not limited to AI, Climate Change, Gig Economy, Space Tech, and Robotics.
UNICEF says that over half of Indian students will not have skills for 21st century jobs. It warns, in India, as many as 53% will leave secondary school without getting the skills needed for a decent job. This glaring industry-academia gap offers an immense opportunity for models like Uable to bring early-intervention and prepare teenagers for the future.