Cosmea Financial Holdings enters edutech space with JV

Cosmea Financial Holdings (CFH), promoted by Sam Ghosh, is pleased to unveil Torus Primero Edutech Private Ltd. entered the edutech field.

The company, a joint venture between CFH and Delhi-based Primero Skills and Training Private Ltd., aims to provide vocational training to 1 million young people in 40 sectors over the next 18 months.

The company plans to target India’s skill, education and edutech sectors by using technology to deliver its courses and industry-recognized certifications.

“Torus Primero Edutech aims to provide skills, reskilling and upskilling to participate in the global knowledge-based economy and lead to better job opportunities,” the company said.

“This will contribute to the Government of India’s Skills Development Initiative and is in line with the National Education Policy 2021,” she added.

“Using an intuitive technology platform, we will provide new-age skills in high-growth sectors – finance, retail, hospitality and healthcare – in India and the Middle East. We also plan to bring together over a million jobs for our trainees through this platform over the next five years,” said Jayanta Das, CEO of Torus Primero.

The company plans to adopt a hybrid training model with online and offline presence for its courses, focused on reaching people between the ages of 16 and 30 through different channels.

The programs would be evaluated using artificial intelligence and certified by well-established, industry-recognized gold-standard agencies/boards, it said.

The JV will also focus on the Northeast region, where it sees great potential, and expand its online and offline presence in those states, it added.

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