[Funding alert] Career tech startup Internshala raises fresh funding in Series A round

Scholiverse Educare Pvt. Ltd, which operates the career tech platform Internshala has raised an undisclosed amount in its series A funding round from LC Nueva Alternative Investment Fund (AIF).

The round also saw participation from high net worth individuals and Vijay Datt, founder and CEO of Citadel Management Consulting.

The platform plans to use the funds to enhance existing products and launch new services for the skilling and placement of budding professionals.

Gurugram-based Internshala was founded in 2011 by Sarvesh Agrawal, it is a web-based platform that helps college students to skill themselves.

Through the platform, it offers students their first real-world experience through online training and internships and fresher jobs.

“We have an aim to become a career super app for college students. Internshala’s internship and training platforms serve the unaddressed market of 45 million college students. The massive gap in the demand and supply of high-quality young talent is a problem that large companies and booming startups experience alike. We aim to bridge this gap and become a trusted partner that enables companies to build their dream teams. The latest investment will enable us to achieve the same at a much faster pace”, said, Sarvesh Agrawal, Founder & CEO of Internshala.

“Internshala has built trust among the massive network of college students and companies. It has emerged as the most credible brand in the college students’ space. On the one hand, it empowers millions of college students to explore different career options, learn new skills, and connect with the best opportunities. On the other hand, it helps startups build their first teams, and companies hire the best college talent. We are excited to partner with Internshala in its journey”, said, Sohil Chand, Founding Partner and Chief Investment Officer for LC Nueva AIF.

About Internshala

Internshala is a dot com business with the heart of dot org. They are a technology company on a mission to equip students with relevant skills & practical exposure through internships and online trainings. Imagine a world full of freedom and possibilities.

A world where users can discover their passion and turn it into their career. A world where their practical skills matter more than their university degree. A world where user do not have to wait till 21 to taste their first work experience (and get a rude shock that it is nothing like you had imagined it to be). A world where user graduate fully assured, fully confident, and fully prepared to stake a claim on their place in the world.