Careers360 raises angel funding from group of investors
Monies have come from Ranjan Pai of Manipal Group, Satya Narayanan of Career Launcher and Mahesh Murthy of Seedfund, among othersBy Twishy Shahi 18 Jun, 2014
Careers360, a career information portal for students, has received an undisclosed amount in angel funding from a group of investors, including Ranjan Pai of Manipal Group, Satya Narayanan of Career Launcher and Mahesh Murthy of Seedfund, besides two financial investors.
On the investment, Maheshwer Peri, Founder, Careers360 said, “Over the last five years, we have worked hard to create India’s most trusted brand for the students. Our objective is to be credible, complete and comprehensive, and help students take informed career decisions. Over the next couple of years, we are aiming to create India’s largest education marketplace. This marketplace would help students evaluate, compare and purchase products and services on all parameters — quality, suitability and price. This platform of mycareers360 would be independent from our information portal careers360.com.”
“The fact that eduprenuers, financial experts and digital media experts have come together to mentor us is a validation of our plan and the opportunity. We aim to make this platform the largest in India,” he added.
Founded by Peri and Rajesh Jain of Netcore Solutions, the platform bridges information gaps and helps students take informed career decisions. It reaches to students through multiple platforms (print, web, mobile and TV).
On the deal, Pai of Manipal Group said, “What Careers360 has achieved in such a short time despite competition from very big entities is remarkable. Looking at the performance and capabilities of the team at Careers360 and the need for such a marketplace, I am delighted to be a part of their endeavour.”
Careers360 claims to have monthly page views of more than eight million.
Murthy said, “Students in India have come to respect the unbiased editorial of Careers360, and this has led to its dominance in the school selection space. I’m happy to help the company and brand grow even faster.”