Malaysia’s ReSkills, ‘Netflix model in e-learning’, bags US$1.5M to expand across SEA

ReSkills_funding_news

ReSkills, a Malaysia-located live-learning platform, has secured a US$1.5 million financing round led by JSF Platinum, alongside other unnamed angel investors.

ReSkills plans to use the funding to expand its global operations, especially in the Southeast Asia region. The ReSkills Hub was first established in Indonesia in August 2021, followed by the Philippines in September, Thailand and Vietnam in November, and India in December.

“There will certainly be geographical growth as we look to take on more coaches under our wing. Having said that, we also aim to reach out to one hundred million learners by 2025,” said Tan.

Founded in 2020, ReSkills provides a live-learning platform that allows coaches to build online courses on their preferred topics. It focuses on education-based services in Southeast Asia, with a target age range from 15 to 35 years old.

Tan likened ReSkills to the Netflix model in the e-learning space, in which users can subscribe and learn everything available on the platform.

Also read: Why Malaysia needs to be on the VC radar

“Our goal is to make online learning highly interactive and led by experts. Learners can gain much more at a lower cost for 365-day subscription access to unlimited learning content in the platform,” said ReSkills CEO Jin Tan.

Its OnLive courses offer three main categories including self-improvement, career enhancement, and business entrepreneurship. ReSkills also uses real-time online lessons to connect learners with master coaches.

As stated by the company, its unique selling point is the two-way learning process, whereby learners can make questions, seek clarification from, and challenge the instructors.

ReSkills claims that it has collaborated with governments, organisations, universities, colleges, schools, associations, and training providers to reskill and upskill over 100,000 enrolled learners within the first year of operations.

Since its inception, ReSkills is said to have grown its coach network to 169 people from Malaysia, Indonesia, Singapore, the Philippines, Thailand, Vietnam, and India. The startup also boasts to have offered 300 OnLive sessions and transacted over a thousand learning hours in five languages.

Also Read: How edutech is solving the global teacher’s crisis

As of 2020, US$480 million was allocated to over 200 Southeast Asian edutech startups in the last five years, according to HolonIQ. Since the pandemic accelerated the adoption of e-learning, SEA edutech continues to catch the interests of global investors, though the region has yet spawned any unicorns in this sector.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: ReSkills

The post Malaysia’s ReSkills, ‘Netflix model in e-learning’, bags US$1.5M to expand across SEA appeared first on e27.

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ReSkills_funding_news

ReSkills, a Malaysia-located live-learning platform, has secured a US$1.5 million financing round led by JSF Platinum, alongside other unnamed angel investors.

ReSkills plans to use the funding to expand its global operations, especially in the Southeast Asia region. The ReSkills Hub was first established in Indonesia in August 2021, followed by the Philippines in September, Thailand and Vietnam in November, and India in December.

“There will certainly be geographical growth as we look to take on more coaches under our wing. Having said that, we also aim to reach out to one hundred million learners by 2025,” said Tan.

Founded in 2020, ReSkills provides a live-learning platform that allows coaches to build online courses on their preferred topics. It focuses on education-based services in Southeast Asia, with a target age range from 15 to 35 years old.

Tan likened ReSkills to the Netflix model in the e-learning space, in which users can subscribe and learn everything available on the platform.

Also read: Why Malaysia needs to be on the VC radar

“Our goal is to make online learning highly interactive and led by experts. Learners can gain much more at a lower cost for 365-day subscription access to unlimited learning content in the platform,” said ReSkills CEO Jin Tan.

Its OnLive courses offer three main categories including self-improvement, career enhancement, and business entrepreneurship. ReSkills also uses real-time online lessons to connect learners with master coaches.

As stated by the company, its unique selling point is the two-way learning process, whereby learners can make questions, seek clarification from, and challenge the instructors.

ReSkills claims that it has collaborated with governments, organisations, universities, colleges, schools, associations, and training providers to reskill and upskill over 100,000 enrolled learners within the first year of operations.

Since its inception, ReSkills is said to have grown its coach network to 169 people from Malaysia, Indonesia, Singapore, the Philippines, Thailand, Vietnam, and India. The startup also boasts to have offered 300 OnLive sessions and transacted over a thousand learning hours in five languages.

Also Read: How edutech is solving the global teacher’s crisis

As of 2020, US$480 million was allocated to over 200 Southeast Asian edutech startups in the last five years, according to HolonIQ. Since the pandemic accelerated the adoption of e-learning, SEA edutech continues to catch the interests of global investors, though the region has yet spawned any unicorns in this sector.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: ReSkills

The post Malaysia’s ReSkills, ‘Netflix model in e-learning’, bags US$1.5M to expand across SEA appeared first on e27.

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