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Mumbai: Bengaluru-based video learning company Linkstreet Learning Pvt. Ltd announced on Friday that it has raised an undisclosed amount in its first round of funding by Faering Capital India Evolving Fund.

Aditya Parekh, son of HDFC chairman Deepak Parekh, and Sameer Shroff, who are co-founders and managing directors of Faering Capital, have joined the Linkstreet board.

The company plans to use the funds for product and business development. It aims to quadruple its client base and double its revenue over the next 12 months.

“Organizations across sectors and from around the world are leveraging the platform to ensure learning and collaboration can be made easy and effective. More than 90% of our clients have migrated to the subscription—model" said Vikram Ramakrishnan, Linkstreet’s co-founder and director, in a statement.

The company was founded by Ramakrishnan and Arun Muthukumar in 2011. The video learning solutions provided by the company are available for corporates and educational institutes.

Indian School of Business, Thomson Reuters Corporation and Capillary Technologies are some of the clients that Linkstreet has offered its solutions to. “Learning which is personalized, gamified, and consumed as entertainment is the best way for corporations to train their field force. Linkstreet is pioneering this model with its platform," said Ganesh Lakshminarayanan, director, Linkstreet, in a statement.

Faering Capital launched its maiden fund in December 2010 with a corpus of 830 crore. It focuses on consumption-related investment opportunities in mid-cap firms, with an average deal size of 30-80 crore in each transaction, according to an official statement made by Faering Capital.

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