Leading edtech company AdmitKard has raised Rs. 50 crores for its Series A fundraising round from GSV Ventures and other investors. The money will be invested to boost the business’s growth and further diversify its product line.
GSV Ventures, a venture capital firm that specialises in supporting international education technology firms, led the funding round. Several well-known angel capitalists are among the other investors, as per reported by BW Disrupt.
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“Our vision is to empower students to make informed career choices and use education effectively to achieve their goals,” said Rachit Agrawal, Co-Foudner AdmitKard. No one expert can know it all and hence they have built an intelligent match-making layer on top of millions of data points gathered over the years and refreshed frequently. But data itself is insufficient to provide assurance and confidence in a pivotal life decision for which AdmitKard has nurtured a very tight-knit community of Mentors (current international students) who guide these students and their parents by sharing their experiences.
Commenting on the funding round, Piyush Bhartiya, Co-founder of AdmitKard, said, “We are thrilled to have GSV Ventures on board as we continue to build and scale AdmitKard. This funding will allow us to accelerate our growth and invest in our technology and product offerings, enabling us to better serve our students and partners.”
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AdmitKard is an education technology platform established in Noida that assists students in gaining admission to universities and colleges outside of India in countries such as the United States of America, the United Kingdom, Australia, Canada, New Zealand, and Singapore.
“As the world becomes more connected and global, education is becoming increasingly important, and AdmitKard is at the forefront of helping students navigate this complex landscape. We are excited to support AdmitKard in their mission to make education more accessible and help students achieve their dreams,” said Deborah Quazzo, Managing Partner of GSV Ventures.
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About AdmitKard
IIT-IIM alumni Piyush Bhartiya and Rachit Agrawal founded the EdTech startup AdmitKard in 2016 with the goal of guiding students through the college application process. AdmitKard is backed by venture capital. AdmitKard provides a solid technical foundation that makes the application process simple and convenient from the comfort of your home, hostel, or anywhere you are in the world.
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