India, April 23 -- Former Unacademy COO Vivek Sinha's edtech startup Emversity has raised $5 Mn (around INR 42.6 Cr) in its Pre-Series A round led by existing investors Z47 and Lightspeed Venture Partners.

The round also saw participation from Alteria Capital and InnoVen Capital.

The Bengaluru-based startup, which offers skill-based certificate and degree courses for healthcare students, plans to deploy the freshly raised capital to expand its footprint to more than 75 campuses.

Commenting on the fundraise, Emversity founder and CEO Vivek Sinha said, "Millions of roles in healthcare, hospitality and construction lie vacant, while one-third of graduates remain unemployed. Our employer-sponsored stipend model solves accessibility; indust...