FinX, a Mumbai-based integrated skilling platform, has successfully raised $6 million in seed funding from Elevar Equity to expand its reach and diversify its offerings. The company, founded in 2019 by Himanshu Vyapak and Upasana Koul, aims to bridge the gap between formal education and industry-specific skills, particularly within the BFSI (Banking, Financial Services, and Insurance) sector.
The funding will support FinX in scaling its operations across India, enhancing its technological infrastructure, and branching into IT skill training, addressing the growing demand for specialized talent. The platform focuses on providing vocational courses tailored to meet the requirements of the BFSI sector, alongside traditional degree programs. By collaborating with universities and colleges, FinX ensures that students receive industry-relevant training, making them more employable upon graduation.
Since its inception, FinX has already made impressive strides. The company employs around 80 professionals and has a network of over 1,000 trainers spread across 100 cities in India. Through its partnerships with more than 300 colleges, FinX has trained over 40,000 students across 12 states, positioning itself as a key player in the skilling ecosystem.
Vyapak, who has an extensive background in the financial services industry, previously spent 16 years at Reliance Nippon Life Asset Management (RNAM), where he rose to the position of Deputy CEO. This experience has undoubtedly influenced his vision for FinX, driving the company’s focus on addressing the skills gap in the BFSI sector.
With its new funding, FinX plans to further develop scalable solutions that meet the evolving needs of industries seeking skilled professionals. The company’s continued growth and expansion hold the potential to redefine how India’s youth is equipped with the skills necessary for success in today’s competitive job market.
