Edtech Firm Mindler raises INR 10.75 crore led by Ecosystem Ventures & Others
Mindler, an educational technology company, announced that it had raised Rs 10.75 crore in a fundraising round headed by Ecosystem Ventures.
The pre-series A funding round was also attended by investment firms Inflection Point Ventures (IPV), nVentures Singapore, and Chennai Angels.
The fund will be used to expand the firm's personnel, geographical reach, and institutional relationships and alliances.
"We are excited to have closed our pre-series A round and extend gratitude to our investors for their support and belief in our vision and work. Despite many challenges, the last 15 months have been phenomenal for us. It has been a landmark year for Mindler especially in terms of collaborations and we are geared towards increasing the same in the next few quarters," Mindler founder and CEO Prateek Bhargava said in a statement.
Previously, the Taxmann Group and CIIE IIM Ahmedabad invested in the edtech startup.
According to the announcement, Mindler wants to use the new funding to further enhance its platform with the goal of altering the entire career guidance ecosystem.
"Mindler now has investors from the US, Singapore, the Middle East and India hence strengthening the company''s effort to expand globally. With this new round of funding, Mindler not only plans to grow 10 times within the next calendar year but also aims to make some strategic collaborations," it said.
According to the statement, the company also intends to expand its alumni pool of over 20,000 trained career coaches around the world.
"With 1.2 crore students completing 12th every year, this is a massive problem with no organized player. Mindler is using AI algorithms, psychometric testing and an army of certified counsellors to provide timely guidance to students. With a great team, we believe that Mindler is set to become India''s largest venture providing a complete ecosystem to students," Ecosystem Ventures co-founder Abhishek Sanghvi said.
Mindler is a comprehensive career advice and mapping platform used by both students and career coaches/counsellors. It was founded by alumni from Harvard, ISB, IIT in 2015.
The pre-series A funding round was also attended by investment firms Inflection Point Ventures (IPV), nVentures Singapore, and Chennai Angels.
The fund will be used to expand the firm's personnel, geographical reach, and institutional relationships and alliances.
"We are excited to have closed our pre-series A round and extend gratitude to our investors for their support and belief in our vision and work. Despite many challenges, the last 15 months have been phenomenal for us. It has been a landmark year for Mindler especially in terms of collaborations and we are geared towards increasing the same in the next few quarters," Mindler founder and CEO Prateek Bhargava said in a statement.
Previously, the Taxmann Group and CIIE IIM Ahmedabad invested in the edtech startup.
According to the announcement, Mindler wants to use the new funding to further enhance its platform with the goal of altering the entire career guidance ecosystem.
"Mindler now has investors from the US, Singapore, the Middle East and India hence strengthening the company''s effort to expand globally. With this new round of funding, Mindler not only plans to grow 10 times within the next calendar year but also aims to make some strategic collaborations," it said.
According to the statement, the company also intends to expand its alumni pool of over 20,000 trained career coaches around the world.
"With 1.2 crore students completing 12th every year, this is a massive problem with no organized player. Mindler is using AI algorithms, psychometric testing and an army of certified counsellors to provide timely guidance to students. With a great team, we believe that Mindler is set to become India''s largest venture providing a complete ecosystem to students," Ecosystem Ventures co-founder Abhishek Sanghvi said.
Mindler is a comprehensive career advice and mapping platform used by both students and career coaches/counsellors. It was founded by alumni from Harvard, ISB, IIT in 2015.
.jpg "The Week that Was: Indian Startup News Overview (26th May - 1st June)")
