Within one year of operations, the online live training platform ReSkills has secured a US$1.5 million (about RM6.2 million) investment.
Funded by a group of private angel investors, it was led by JSF Platinum to help boost ReSkills’ growth plans and stabilize its expansion in the SEA region. Currently, ReSkills is present in Indonesia, Thailand, and Vietnam, with plans to capture the Indian market in December.
“These are the developing countries in the region with a huge youth population size. They are hungry for learning growth to improve their skill sets,”ReSkills’ CEO Jin Tan (Jin)
With the funds, Jin plans to enhance and further develop the edutech platform. The team will also focus on its marketing efforts to acquire more users and recruit more coaches.
A Recap on the lesson
The last time we wrote about ReSkills, I was initially skeptical about the training platform; the courses offered were reminiscent of what I’ve seen offered by marketing gurus.
Jin was quick to mitigate my suspicions. He assured that ReSkills’ 100 coaches from around SEA are all handpicked and each has a minimum of 10 combined years of practice and experience training in their industries. As of now, they boast 169 coaches in total.
Furthermore, the platform was started as a way to help corporate trainers shift their content online. This decision was further validated by the realization that youths were keen on upskilling, but didn’t know where to start.
Thus, ReSkills was founded as live learning and training platform where seminars are conducted in real-time so students can interact with coaches as and when they have questions. Called OnLive, courses are available every day, and users are notified about upcoming classes two weeks in advance so that they can plan ahead.
“We want our learners to have significant and actionable takeaways from each session so they can use it to improve their lives immediately besides gaining the necessary micro-credentials from ReSkills,”ReSkills’ CEO Jin Tan (Jin)
The platform uses a subscription model that’s charged annually. When we last broke down the fees, we found that subscribers can expect to pay between RM1.70 or RM3.20 per day to access content and speak to industry experts.
“We firmly believe that education is a basic human right and should be accessible and affordable for everyone,”ReSkills’ CEO Jin Tan (Jin)
“These funds are a testament from the investment community that ReSkills can achieve that mission. With this pandemic, the online learning trend has matured into a new dimension as well.”ReSkills’ CEO Jin Tan (Jin)