Founded in March 2017, Inventus Law’s client Pesto has today announced that it has raised $2 Mn in its first round of funding led by Matrix Partners, with participation of a group of angel investors including — Swiggy founders, Sriharsha Majety, Rahul Jaimini and Nandan Reddy; Innov8 founder Dr. Ritesh Malik; Posist founder Ashish Tulsian and OIC Capital’s Jack Yeung.
Pesto offers a 12-week intensive training programme to the software engineering talent to help them break into international tech careers via full-time remote jobs, with a 6x increase in salary on an average.
“Remote work is an early trend globally driven by a shortage of high-quality local talent, rising cost of living in key technology hubs and widespread adoption of enabling infrastructures such as co-working and collaboration tools. Pesto is on a mission to build a marketplace for quality remote talent from India and we strongly believe in their skilling led approach,” Rajat Agarwal, Vice President, Matrix India said.
The startup’s first batch which ‘graduated’ 8-9 months ago has witnessed students being placed at jobs with an average salary package of $45K. To date, it has helped 9 students gain offers worth INR 2.8 Cr. combined.
To read the full story, click here.
