Careers360, an online career counselor and education services firm, has acquired Mumbai-based college enrollment platform NoPaperForms for an undisclosed amount.
Launched in 2011 by Vishal Shah and Ami Damani, NoPaperForms has developed an enrollment automation engine which makes it easier for academic institutions to accept admission applications online. NoPaperForms claims that it has more than 50 colleges and business schools using the product and that it has processed more than two lakh application forms. Some of its clients include St Xavier’s College in Mumbai, Delhi Public School, Jai Hind College and St Andrew’s College.
Naveen Goyal, director and chief strategy officer at Careers360 added that the company will be adding an analytics engine on top of the enrollment platform to help colleges spend money better. Goyal aims to take the platform to about 500 colleges within the next three years.
Founded in 2008 by Maheshwer Peri and Rajesh Jain, Careers360 is an online community and career counselling platform that assists students take informed decisions through its prediction/recommendation engine. The company claims to get about six million visitors every month.
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 today, 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.
– Earlier this month, Gurgaon-based CollegeDekho, an online platform which lists college across streams in the country and offers test preparation material, raised seed funding worth $1 million from GirnarSoft, the parent company of CarDekho.
– 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.