Elements Akademia is a private limited company incorporated in NCR, India and started operations in Sept 2007. It is fully funded by the management team and a group of 10 IIM Alumni investors, who are typically senior professionals with experience in some of world's most admired companies.
It believes that the current university education system in India has an inherent flaw in that it offers degrees but not jobs. Elements bridges that gap by offering a high quality but affordable vocational training, designed with the help of its corporate partners who are leading players in various service sectors like Insurance (MNYL), BPO/KPO (Genpact), Retail (Reliance), Banking (KMB) etc. The 6 month part-time course is targetted at graduates in Tier II cities.
In 5 months, the group has opened 5 offices, won rave media reviews, taken in 180 students, ensured 90 percent placement of first batch, delivered 95-98% student satisfaction score and moved to an employee strength of 30+. The company plans to expand to additional 15 cities around Summer 2008 and therefore looking for Angels/VCs. As any startup, ability to contribute beyond money will be critical.
We envisage an investment of $2mn. To request for current investor profile and/or a brief business case, please write to contact@elementsakademia.com