Lionsher - An end-to-end Assessments Provider – To Raise $1.5 to $2 million in Series A Growth

Feb. 6, 2012 - PRLog -- Mumbai-based Kern Learning Solutions Pvt Ltd, a leading eLearning and technology-based learning provider, plans to raise about $2 million dollar in the first round of growth fund for Lionsher - its end-to-end assessment solution platform.

Rashmi Varma, Co-founder & Chief Operations Officer, disclosed that Kern is in advanced talks with investors regarding this.

Kern Learning Solutions has boot strapped into a positive cash flow company since its inception in 2004. Kern is a post-revenue company offering end-to-end custom eLearning and educational technology solutions. The company has developed its own technology platform and has numerous marquee names such as Castrol, Schott Glass, GAVL (Godrej Agro-Vet), GI (Godrej Industries), GCPL (Godrej Consumer Products), Godrej LifeSpace, GlaxoSmithKline, Deutsche Bank, J&J, Kraft Cadburys, to name a few. The company has over 50 paying customers as on date.

"We will use the funds to expand our sales, marketing and development activities, set up channel partners, and invest in technology. We have an ambitious plan of assessing the skills and competencies of 500 million by 2022 through our flagship product Lionsher Tests. We will use the funds to fuel our 100 crore top line," said Rashmi Varma
Kern Learning Solutions has exhibited consistent growth and positive traction in the market in the last 8 years. With its focus on assessing the skills and competencies of potential workforce, Lionsher addresses the core issue of skill development that the country is facing today. "Thus investors find us operating in a very interesting space, " adds Ms Varma.

The founding members of Kern come from rich and diverse background in sales, education, and usability with a combined experience of about 50 years.

The market size of Lionsher is directly related to the size of the Indian workforce. The target market is the workforce at the bottom of the skill pyramid across industries such as automotive, pharmaceutical, retail, travel and tourism etc.

Ms Varma says, "Lack of effective mechanisms to assess the skills and knowledge of semi-skilled, partially skilled and unskilled workers leads to poor quality of workforce, which in turn, leads to high productivity loss and low service quality. "

While the competition is driven more towards the quantity of tests rather than the quality, Kern is focused on high quality tests conducted in a fair and efficient manner. These will help identify the skill gaps of the workforce effectively.

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Founded in 2003, Kern Learning Solutions is known for its expertise in training and skill assessment. Kern works with top MNCs and Fortune 500 companies to assess the skills and competencies of their workforce at all levels.

Lionsher, Kern's flagship technology product, conducts end-to-end assessments for customers like Godrej group of companies, GlaxoSmithKline, Castrol, BP, Schneider Electric, Johnson & Johnson etc.

Lionsher is built on latest web technology. Its robust framework provides high levels of scalability, security, and reliability. Lionsher's 256-bit security makes it more secure than an online bank! Its architecture can scale up to support millions of users and lakhs of tests instantly. Visit https://www.lionsher.com/tests for more information.

Kern is the winner of the Brandon Hall Award 2008 for Best Blended learning solution. Today Kern serves more than 150 clients worldwide with partners in Europe and US. Visit http://www.kern-comm.com for more information.