NIIT has signed a definitive agreement to invest growth capital in KNOLSKAPE Solutions, a leading Experiential Learning Platform company.
Under the agreement, NIIT would invest $2 million in compulsorily convertible preference shares to be issued by KNOLSKAPE.
The funds are part of the total round of $4 million in fresh funds raised by KNOLSKAPE to expand its direct sales in global markets.
The investment is a key initiative in NIIT’s endeavor to constantly bring more value to customers with a focus on talent transformation and workplace skills.
In an increasingly hybrid work environment, KNOLSKAPE’s expansive platform and portfolio of carefully crafted, immersive simulations coupled with NIIT’s managed services approach will help organizations prepare for a digital first, future-ready workforce.
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements.