Faering Capital has invested in Linkstreet and our cloud-based video learning and collaborative platform, targeting the healthcare and education sectors.
Faering Capital is a boutique Indian asset management firm founded by Aditya Parekh and Sameer Shroff. The firm currently manages a Rs 865 crore domestic PE fund, called Faering Capital India Evolving Fund, which has made five investments in 2014 and 12 investments in total so far. Its previous investments include RBL Bank, Gokaldas Intimatewear, Biba Apparels, Manipal Health Enterprise, Transerv, Snowman Logistics, City Union Bank, NSE, Mahindra Financial Services, KOOH Sports, and Avantha Power.
“The impact of video learning is powerful, and therefore its potential as a service presents significant disruptive opportunities. Linkstreet has already built a robust and scalable product that client organizations have come to trust,” said Parekh.
Sameer said “Faering’s investment thesis had been around solving problems using cloud-based platforms. Arun and Vikram are dynamic and accomplished entrepreneurs who we believe represent the best team in this space. We have been tracking their progress since inception and believe this is the right time to invest in the company and partner with them in their growth.”
Aditya Parekh and Sameer Shroff have joined Linkstreet’s board. Ganesh Lakshminarayanan, Managing Director of Mu Sigma, has also joined our board. “Learning is personalised, gamified and consumed, as entertainment is the best way for corporations to train their field force. Linkstreet is pioneering this model with its platform,” said Lakshminarayanan.
Having the expertise and guidance of Aditya, Sameer and Ganesh to bank on is a huge bonus for us and will strengthen our prospects as we build Linkstreet into the go-to platform for learning and collaboration for organizations of every size and scale, globally.
Here are links from coverage of this announcement in the media
- The Times of India, December 12, 2014
- Techcircle.in, December 12, 2014
- The Economic Times, December 12, 2014
- Deal Curry, December 12, 2014
- YourStory, December 12, 2014
- IAMWIRE, December 12, 2014
- Karntaka Everyday, December 12, 2014
- The Tech Portal, December 12, 2014
- Live Mint, December 13, 2014
- Medianama, December 15, 2014
- PlanBmatters.com, December 16, 2014