Malaysia’s online training platform raises $ 1.5 million in funding – Wired PR Lifestyle Story

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Within one year of operations, live online training platform Re-skills It has secured an investment of $ 1.5 million (about RM6.2 million).

It was funded by a group of private angel investors JSF Platinum ReSkills promotes growth plans and helps stabilize its expansion in the SEA region. ReSkills is currently in Indonesia, Thailand and Vietnam with the intention of capturing the Indian market in December.

“They are developing countries in the region with a large youth population. They are hungry to learn how to grow to improve their skill set, ”ReSkills CEO Jin Tan (Jin) told the Vulcan Post.

With the funds, Jin intends to improve and develop the edutech platform. The team will also focus its marketing efforts on getting more users and hiring more coaches.

Lesson summary

The We last wrote about ReSkills, I was initially skeptical of the training platform; the courses offered are reminiscent of what I’ve seen offered by marketing gurus.

Jin walked quickly to alleviate my suspicions. He made sure that the 100 coaches at ReSkills around the SEA are hand-selected and that each has combined at least 10 years of practice and experience in their industries. So far, they have a total of 169 coaches.

In addition, the platform began as a way to help business trainers change their content online. This decision was further invalidated by the fact that the young people had a desire for training, but did not know where to start.

Thus, ReSkills was created as a live learning and training platform where seminars are conducted in real time, where students have questions and can interact with coaches. Called OnLIVE, the courses are available daily, and users are notified about upcoming classes two weeks in advance so they can plan ahead.

“We want our students to make meaningful and actionable progress from each session so that they can use it to improve their lives immediately in addition to gaining the necessary micro-credentials in ReSkills,” he said.

The platform uses a subscription model that is charged annually. When we last broke the fees, we saw that subscribers had to pay between RM1.70 or RM3.20 per day to access the content and talk to industry experts.

“We firmly believe that education is a basic human right and should be accessible and affordable for all,” Jin said. “These funds are a testament to the investment community that ReSkills can achieve this role. With this pandemic, the online learning trend has also reached a new dimension.”

Today, the platform has managed to rehabilitate and train 100,000 registered students, fostering their professional and personal growth.

But the test took a few moments

Such rapid expansion did not come without challenges, especially in the midst of global blockades. In fact, Jin named the travel restrictions as one of ReSkills ’biggest hurdles to his business.

In addition to being unable to do this the need to open a physical office and locate the platform by adapting to different cultures.

Finding the right village managers was the group’s first solution, which would later solve the location problem as well. It would be the task of each country manager assisting in the management of operations in conjunction with the recruitment and hiring of trainers.

Although the process of organizing virtual meetings took a long time, they managed to find their leaders through recommendations and work portals. In order to localize ReSkills in each country, the platform has several languages ​​embedded.

As the pandemic gradually improved, Jin reported that ReSkills was operating a physical residence. Today, the team is working with partners who already have a physical office while adapting to a more efficient remote work methodology, ultimately tailored to a technology company.

Pandemic-catalyzed growth

The blockchain marked a tremendous opportunity for edutech growth worldwide. However, it slowed down many business growth plans.

This was not the case with ReSkills, regardless of physical expansion. Taking advantage of the boom in online learning, the training platform was able to grow digitally faster. Being a product created by the pandemic, Jin believes that his training platform is also suitable in the post-pandemic world.

That’s why it has set a goal for ReSkills to reach 100 million students by 2025. We were amazed by the sheer amount of ambition itself, and if we did some math, we thought ReSkills would have to achieve explosive growth every year to achieve that.

Based on this growth trajectory, ReSkills ’goal would be to reach about 2.5 million users in the next 12 months. Confirming this calculation, Jin justified that the platform has gone on to meet the projection of its user acquisition.

We have (we have) an ambitious goal of reaching 100,000 registered users by the end of December 2021 (December 2020). We have a goal of one million by June 2022, 5 million by December 2022 and 10 million by June 2023, ”Jin explained.

“It’s a difficult growth path,” he acknowledged, but shared that it will be possible with synergistic partnerships with strategic partners.

With the latest funding, the specific improvements that users can expect on the platform have more exciting features to enhance the user experience, ensuring user-friendliness.

In the backend, ReSkills is working to expand its cloud server and improve its cybersecurity mechanisms. The team will also improve its big data management systems for understanding the behavior of users for AI analytics and building its own online learning video conferencing system.

• You can learn more about ReSkills here.
• Read our previous coverage on ReSkills here.

Featured Image Credit: ReSkills Group