Edtech startup AdmitKard, has raised Rs 50 crore in a Series A funding round led by GSV Ventures. The investment was also joined by existing investors such as Blume Ventures and Manta Ray Ventures. This latest round of funding will be used to expand AdmitKard’s presence in India and globally.
The funding will go towards developing innovative products, expanding the team, and building strategic partnerships with educational institutions across the world.Edtech startup AdmitKard plans to use this investment to further its mission of providing quality education opportunities for students around the world. With this new capital injection, AdmitKard is well-positioned to continue its growth trajectory and become a leader in the edtech space.
What is AdmitKard and What Does the Company Do
AdmitKard is an AI-powered platform that helps students apply to universities and colleges around the world. It provides personalized guidance to students, helping them make informed decisions about their higher education.
Edtech startup AdmitKard also offers a range of services such as application review, essay editing, and admission counseling. The company also provides a comprehensive search engine for universities and colleges, allowing users to compare schools based on their criteria. AdmitKard is committed to providing students with the best possible experience when applying for higher education abroad.
The Breakdown of AdmitKard’s Series A Funding Round and Impact on Edtech Sector
AdmitKard’s Series A funding round has been a major milestone for the Edtech sector. The round raised $12 million in total, with investors from India and abroad coming together to support the company’s mission of revolutionizing education.
This funding will have a significant impact on AdmitKard as well as the Edtech sector as a whole. It will allow AdmitKard to expand its operations and reach more students, while also helping other players in the industry to develop new technologies and products. With this injection of funds, the Edtech sector is set to become even more competitive and innovative in the near future.
Why AdmitKard is Poised to Dominate the India-based EdTech Market
AdmitKard is revolutionizing the EdTech market in India with its innovative use of technology and data-driven approach. The company has developed a platform that offers personalized guidance to students, helping them make informed decisions about their education. AdmitKard’s suite of services includes admissions counseling, application tracking, and college recommendations. With its comprehensive offerings and user-friendly interface, AdmitKard is well-positioned to dominate the India-based EdTech market.
What Business Models and Strategies are Being Used by AdmitKard to Expand their Offerings?
Edtech startup AdmitKard is an innovative platform that uses technology to streamline the college admissions process. To ensure their continued success, AdmitKard has developed a number of business models and strategies to expand their offerings.
By leveraging existing partnerships, utilizing data-driven insights, and creating new products and services, AdmitKard is able to stay ahead of the competition and provide a comprehensive suite of solutions for its users. In this article, we will explore how AdmitKard is using business models and strategies to grow its business.
Key Points
- The company intends to make use of the money to grow its workforce, make investments in cutting-edge technology and new product lines, and maintain its global expansion.
- AdmitKard, a startup in the education technology industry, secured a Rs 50 crore Series A fundraising round from GSV Ventures and other investors.
- AdmitKard said in a statement that it is now well-positioned with this fresh capital to maintain its rapid expansion and solidify its position as a major player in the edtech industry.
- The company stated that it will use the funding to hasten its growth and further diversify its product line. It also has ambitions to increase its workforce, make investments in cutting-edge technology and new product lines, and keep growing its position in important global markets.
- AdmitKard uses cutting-edge technology and data science to offer individualised counselling to students, assisting them in selecting the university, programme, and nation that will best help them reach their professional objectives.
- It claims to have facilitated entry to more than 3,000 universities in more than 20 countries and assisted thousands of students with their admissions processes.
- Rachit Agrawal, co-founder of AdmitKard, stated, “Our objective is to empower students to make wise career decisions and use education efficiently to attain their goals.
- A layer of intelligent matchmaking has been developed by the company on top of the millions of data points that have been acquired over the years and are updated periodically.
- AdmitKard has fostered a very close-knit community of Mentors (current foreign students) who help these kids and their parents by sharing their experiences because data alone is insufficient to provide certainty and confidence in such a crucial life decision.
- As we continue to develop and scale AdmitKard, we are overjoyed to have GSV Ventures on board. According to Piyush Bhartiya, co-founder of AdmitKard, “this money will enable us to accelerate our growth and invest in our technology and product offerings, allowing us to better serve our students and partners.”
- “Education is crucial as the world grows more interconnected and global, and AdmitKard is leading the way in assisting students in navigating this challenging environment.
- Deborah Quazzo, managing partner of GSV Ventures, stated, “We are thrilled to support AdmitKard in their quest to make education more accessible and aid students in realising their aspirations.