Careers360, an online career counselor and education services firm, has acquired Delhi based Entrancecorner.com, in an all cash deal. Post acquisition, the company’s 20 member team will move to a new office and operate under Careers360. However, it’s not clear if Entrancecorner will continue to operate as a separate website, or if the services will be integrated into Career360.
Founded six years ago by Naveen Goyal, Shubham Watta and Ravinder Kaushik, Entrancecorner currently offers information on engineering, medical and government job entrance exams. Each of these are listed as separate categories, under which the website displays category specific news, list of exams etc. Other than this, the company also offers engineering, medical, law and CA exam practice tests and a graphical analysis of the test compared with other users.
Founded in 2008 by Maheshwer Peri and Rajesh Jain, Careers360 is an online community and career counselling platform that helps students take decisions through its prediction/recommendation engine. The company claims to get about six million visitors every month.
NoPaperForms acquisition: Note that earlier this month, Careers360 acquired the Mumbai-based college enrollment platform NoPaperForms for an undisclosed amount. Launched in 2011 by Vishal Shah and Ami Damani, NoPaperForms provides an enrollment automation engine which makes it easier for academic institutions to accept admission applications online.
Funding: In 2014, Careers360 raised an undisclosed amount of investment from five angel investors led by Ranjan Pai of Manipal Group, Satya Narayanan of Career Launcher, Mahesh Murthy of Pinstorm and two other undisclosed financial investors. Prior to this, Netcore founder Rajesh Jain had invested in the company during its launch in 2009. At the time, Careers360 founder Maheshwer Peri mentioned that they would be using this investment to build a education marketplace called myCareers360.
Other developments in education space:
– Earlier this month, online exam preparation service MockBank acqui-hired Litoro, a Vijaywada based web and mobile services company. Litoro had previously worked with MockBank to develop initial versions of the latter’s products.
– Around the same time, Gurgaon-based CollegeDekho, raised seed funding worth $1 million from GirnarSoft, the parent company of CarDekho.
– In October, Schoolguru, an e-learning company which lets universities launch, run and manage online programs through its platform, raised a little over $3 million.
– In September, Meritnation crossed 1 crore users. In June, it had raised funding worth Rs 25 crore from InfoEdge. (Also read: Meritnation to launch six new offline Digital Learning Centers)
– In September, OnlineTyari raised $750,000 in funding from investors including 500 Startups, Mohandas Pai, Tandem Capital, Vikram Chachra and Aloke Bajpai, co-founder & CEO of Ixigo.
– In June, e-learning marketplace EduKart raised $1 million from Holostik Group’s United Finsec (family office arm), YouWeCan and 500 Startups.
– In May, Plancess raised $2 million in funding from Aarti Group’s promoters Rajendra Gogri and Chandrakant Gogri.