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Students Admissions & Career Counselling Platform Univariety to Raise INR10 Cr From Info Edge

Info Edge, India’s premier on-line classifieds firm in recruitment, actual property, schooling, and associated companies, has entered into an settlement to make investments INR 10 Crore in Univariety, an schooling technology-driven profession steering and alumni administration platform.

According to the corporate’s submitting, it has agreed to purchase 9,471 Series A2 Compulsory Convertible Preference Shares, having a face worth of ₹100 every. After this funding, Info Edge’s mixture shareholding within the firm can be 47.12 % on a completely transformed and diluted foundation.

The transaction is predicted to be accomplished inside six months.

Launched in 2015 by Jaideep Gupta, Univariety offers counseling services to college students, faculties, schools, and educators, enabling college students and oldsters to make better-informed choices on larger schooling. It helps college students make well-informed and better-suited profession decisions that assist them obtain their potential.

Univariety’s mission is to present world-class steering options to college students, dad and mom, faculties, universities, and counselors and foster steady studying inside its ecosystem. The firm claims that on common, its platform conducts over 1.5 lakh counseling classes every year.

The firm has served over 350+ faculties within the nation, similar to Oakridge International Schools, Alchon International School, Ryan International Schools, Podar International Schools, Assam Valley School, Hyderabad Public School, Christ Junior College, Scindia Kanya Vidyalaya, TIPS, and extra.

The Hyderabad-headquartered agency has partnered with Fortune India journal to develop India’s most superior college analysis platform known as “Fortune 50 Schools Shaping Success”, which has its presence unfold throughout 82 cities, 654 Schools, 12,587 educators, and 1,25,921 college students.

Info Edge has made a number of investments in startups throughout sectors as part of its bigger technique of sustaining a presence throughout the nation’s rising web and frontier companies ecosystem.

Noida-headquartered Info Edge additionally earlier invested $1.06 million (INR 8 Crore) in Univariety in money. In 2020, the corporate had invested in Sunrise Mentors Pvt Ltd, a Delhi-based agency that operates on-line studying platform CodingNinjas. One of its main investments is in meals supply and restaurant search platform Zomato.

About the Author

Author: Shalini Pathak

Shalini Pathak Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s main edtech media & neighborhood. She has over 4 years of expertise in media, overlaying totally different beats. Like all writers she’s an enthusiastic reader first with a ardour to create out of the field content material, and a capability to write about any matter. As part of the ETR staff, she is going to cowl the most recent within the edtech business with a concentrate on edtech startup tales and their funding.

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