IndiaCollegeSearch.com, a venture incubated by the Indian Angel Network, has raised Rs 5.8 million from VAS Capital as seed funding, reports Pluggd.in. The company intends to use the funding for product development and according to Anirudh Motwani, the founder of the company, the company plans launch a new version of the site by December, which will offer information about 3000 MBA & Engineering colleges, with information such as placements, infrastructure, faculty, cut-offs and college reviews.
At the moment the site allows users to search, filter and browse through 1,000 engineering colleges across India by selecting their location, stream, criteria for admission, maximum fee and management style (public or private). It also allows them to select and short-list a college and send a profile to the college to apply.
The site also allows colleges to create profiles, allow prospective students to download prospectus and reply to enquiries from students online. According to the website, the feature is available free of charge to both students and colleges. We are not sure about the monetization model that the site follows, however, we did not experience any ads on the site, at the time of writing this post.
The number of education/career assistance sites in India are on the rise. We feel this is a welcome trend since the growth in terms of the number of institutions is also increasing. Perhaps these sites can also offer feedback on placements and quality of faculty from alumni, and offer forums/discussions on streams, admission procedure and accommodation, that students can choose good institutions over the ones with commercial interest as a primary motive. Becoming a niche player targeting a particular stream in a focused, in-depth manner is better than offering a bit of everything.
Other sites include YourNextLeap.com, which recently raised funding from Nirvana Venture Advisors and offers virtual online tools, to offer personalized suggestions for Engineering streams (B.E/B.Tech/MS).It also provides information on Visa, Scholarships, and accomodation for students planning to study in the US. Other players in this space include Info Edge owned Shiksha, HT Media owned HTCampus, Indiatimes* owned EducationTimes, Educomp owned StudyPlaces, PagalGuy.com (one of the earliest online education related ventures in India), Sequoia Capital funded former-social-network Minglebox.com, Coolavenues.com, MBAUniverse.com, Accentium* owned StudyNation
– Accentium is owned by Vivek Pahwa, who is the cousin of MediaNama Editor & Publisher Nikhil Pahwa
– Indiatimes is an advertiser with MediaNama