Edtech startup AdmitKard has raised its Series A funding round of Rs 50 crore from GSV Ventures and other investors.
AdmitKard said that with this new funding, it is well-positioned to continue its rapid expansion and solidify its position as a major player in the edtech industry.
According to the company, the investment will accelerate growth and further diversify its product portfolio. In addition, it plans to expand the size of its team, invest in cutting-edge technologies and new product offerings, and continue expanding its presence in significant global markets.
AdmitKard leverages advanced technology and data science to provide personalized guidance to students, helping them to find the best-fit university, course, and country to achieve their career goals. With access to over 3,000 universities in more than 20 countries, it claims to have helped thousands of students with their admissions processes.
“Our vision is to empower students to make informed career choices and use education effectively to achieve their goals,” said Rachit Agrawal, Co-founder, AdmitKard.
The company has built an intelligent match-making layer using millions of data points gathered over the years and constantly refreshed. AdmitKard has developed a very tight-knit community of Mentors (current international students) who guide these students and their parents by sharing their experiences, as data is insufficient to provide assurance and trust in such a pivotal life decision.
“We are thrilled to have GSV Ventures on board as we continue to build and scale AdmitKard. This funding will allow us to accelerate our growth and invest in our technology and product offerings, enabling us to better serve our students and partners,” said Piyush Bhartiya, Co-founder of AdmitKard. “As the world becomes more connected and global, education is becoming increasingly important, and AdmitKard is at the forefront of helping students navigate this complex landscape. We are excited to support AdmitKard in their mission to make education more accessible and help students achieve their dreams,” added Deborah Quazzo, Managing Partner of GSV Ventures.
