iNurture Education Solutions Pvt. Ltd, a Bengaluru-based ed-tech startup that provides formal higher education programmes in India, announced that it has raised $4 million from Kimera Ltd, a Dubai-based family office, according to a VCCircle report.
The company is backed by other investors that include Bertelsmann India Investments, Ascent Capital, BlackSoil Capital Pvt. Ltd and GVFL Ltd.
The company said in a statement that it has closed 2019-20 year with a revenue of about Rs 150 crore, witnessing profit in the financial year. Earlier in January 2018, the startup had raised Rs 28 crore in Series C round of funding led by venture capital firm Ventureast.
Founded by Ashwin Ajila, iNurture offers industry-related courses in association with universities and colleges across India. It has more than 10,000 students in its full-time undergraduate and postgraduate programs and is currently present in more than 35 campuses across the country.
“The COVID crisis presents an enormous opportunity for iNurture to engage with undergraduate and postgraduate students digitally and make them career ready within the confines of their homes,” Ajila said.
“We are making this platform free during these times so that students can avail of the full benefits of the platform. We are also seeing a rising demand globally for our employability solutions and with Kimera’s investment, we will soon be available in the middle-east market as well,” he added.
In 2018, iNurture has acquired the student engagement and employability platform KRACKiN Technologies Pvt. Ltd.
KRACKiN already has more than 200,000 students on its platform across 200+ colleges in India. The company collaborated with Gallileo of France to deliver global programs through its campus partners in India.
iNurture currently offers over twenty-five programmes in active collaboration with some of the best-known Universities, Autonomous institutions and Colleges across India.
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