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Careers360 raises funds from 5 angel investors to launch a education marketplace

Careers360 logo

Pathfinder Publishing’s career counselling platform Careers360 has 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.

Careers360 founder Maheshwer Peri mentions that they will be using this investment to build a education marketplace called myCareers360. This marketplace will apparently be independent from its career counselling platform and will allow students to evaluate, compare and purchase education products and services across various parameters like price, quality and suitability.

At the time of writing this article, myCareers360 offers admission counselling services, test preparation services and study material for competitive exams in various disciplines like medical, engineering, law, pharmacy, commerce, MBA and hotel management among others.

It also offers study material for CBSE school students (Class 9 – Class 12) and paid spoken English packages. Besides this, consumers can also purchase yearly subscriptions for Career360’s monthly print magazine.

myCareers360

We also noticed that Careers360 is cross-selling these products on the homepage of its career counselling platform and it will probably offer these products to consumers across other platforms as well. Besides web and mobile, Careers360 has Hindi & English print magazines and says it also has a TV presence.

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Earlier in March this year, Mobile-focused education marketplace GradeStack had also raised an undisclosed amount of investment from Times Internet. This was the company’s second round of investment from Times Internet after previously receiving seed funding of Rs 10 lakhs (for 10% stake) while being part of TLabs’ Summer 2013 batch.

E-commerce marketplace Snapdeal had also re-started offering services by launching an online learning section in February this year. This section featured certificate courses, tests, courses from EduKart, Simplilearn and MeritNation among others.

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