Startup Profile

AlmaBetter

Legal entity: AlmaBetter Innovations Private Limited

Pay-after-placement tech upskilling in data science and web development

EdTechSeries AB2C Subscription· Bengaluru, Karnataka· Est. 2020Website ↗

AlmaBetter is a Bengaluru based EdTech company founded in 2020 that runs online upskilling programs in data science and full-stack web development. It is known for a pay-after-placement model where learners pay tuition only after securing a job above a salary threshold. The company raised a 2.7 million dollar seed round led by Kalaari Capital in 2022 and later faced a cash crunch with pay cuts and

Funding raised

₹22.41 Cr

Total disclosed

Latest valuation

—

Most recent round

Latest revenue

₹2.20 Cr

FY FY22

Employees

—

FY FY22

Founders

Shivam Dutta
Co-founder and CEO of AlmaBetter. IIT Kharagpur alumnus who previously worked in data and statistical modelling roles, including at BlackBuck, before starting AlmaBetter in 2020.
Vikash Srivastava
Co-founder and CTO of AlmaBetter, part of the founding team that started the Bengaluru-based upskilling startup in 2020.
Arshyan Ahsan
Co-founder of AlmaBetter (Chief Product and Strategy role), part of the founding team of the Bengaluru-based EdTech startup.
Alok Anand
Co-founder of AlmaBetter, listed among the four founders of the company established in 2020.

Funding rounds

Seed2022-11-02₹22.41 CrLed by Kalaari Capital

Financials

MCA / self-reported

Fiscal year	Revenue	Profit / (Loss)	Employees
FY22	₹2.20 Cr	(₹4.20 Cr)	—
FY23	₹18.30 Cr	—	—
FY24	₹26.10 Cr	—	—

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

2023-10Cash crunch, pay cuts and layoffs — Facing a financial crunch in late 2023, AlmaBetter cut salaries (around 50 percent for higher earners, 25 percent for lower earners) and laid off a portion of staff.
20238X revenue growth in FY23 — Operating revenue scaled roughly 8X from about 2.2 crore rupees in FY22 to about 18.3 crore rupees in FY23, though expenses rose sharply to about 33.7 crore rupees.
2022-11Raised 2.7M dollar seed round — Raised about 2.7 million dollars in a seed round led by Kalaari Capital with angel investors from Meesho, BlackBuck and Mamaearth, to expand offerings and launch new job-oriented courses.
2020Founded in Bengaluru — AlmaBetter founded by Shivam Dutta, Vikash Srivastava, Arshyan Ahsan and Alok Anand as a pay-after-placement tech upskilling platform.

Data sources

seed-list↗ · last fetched 2026-05-28
favicon↗ · last fetched 2026-05-31
Entrackr↗ · last fetched 2026-06-01
Inc42 - cash crunch report↗ · last fetched 2026-06-01
Inc42 - company profile↗ · last fetched 2026-06-01
TheKredible - FY23 financials↗ · last fetched 2026-06-01
TheKredible - financials↗ · last fetched 2026-06-01
AlmaBetter blog - funding announcement↗ · last fetched 2026-06-01
IIT KGP Foundation↗ · last fetched 2026-06-01
EdTechReview↗ · last fetched 2026-06-01