Business skills coaching startup Peakperformer has raised $3 Mn in a seed funding round led by Sequoia India’s Surge, with participation from Antler India, Blume Founders Fund, and some angel investors.
Founded in 2020 by Aishwarya Goel and Rajesh B. Iyer, Bengaluru-based Peakperformer is a tech-enabled coaching startup for managers that offers scalable, high impact leadership development solutions for different management levels.
Peakperformer plans on utilising the freshly-infused capital toward expanding its team, venturing into new markets, and launching more features and modules.
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.
“A key focus area for us will be to continuously improve the product and make it easier for our coaches and learners. We plan on using this round of funding to expand our team as we venture into newer markets,” wrote Aishwarya Goel, cofounder of Peakperformer, in a company blog.
“We also plan to launch many new features and modules that go beyond the coach and learner interaction. Our upcoming updates include additional content resources that learners can access on their own to make coaching a continuous learning experience,” added Goel.
Some of its clients include Bizongo, Urban Ladder, Groww, and CRED.
The global market for corporate training was valued at $332.93 Bn in 2019 and is projected to reach $417.21 Bn in 2027 at a CAGR of 9.4% between 2021 and 2027. The emergence of cost-effective e-learning modules such as Peakperformance’s catalogue is expected to drive this growth further.
“When we started Peakperformer in 2020, the idea was to help young managers like us navigate the challenges of a young and diverse workforce. Our conversations with others like us reaffirmed our faith in the realisation that modern managers invariably face the same challenges and more often than not, they don’t know where to go for help,” wrote Goel, speaking about the founders’ journey at Peakperformer.
“Managers that have access to the right leadership and behavioral skills are not just better equipped to do their job, they can guide their team to achieve their north star metric with greater predictability. But while the benefits of coaching were obvious, only a small segment of the senior leadership had access to it. We knew that the answer lay in making coaching more accessible and relatable to younger managers, right at the start,” she explained.
Last year, enterprise skilling startup Disprz had raised $13 Mn in a Series B funding round led by Dallas Venture Capital and Mars Growth Capital. It has an AI-powered learning platform that helps companies upskill their workforces.
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