Eduvanz, a Mumbai-based finance company that is making education universally accessible by providing easy, transparent and speedy financial assistance using innovative technology solutions, has acquired Klarity, an online one-on-one platform that connects students with professionals in their area of interest to provide video-based mentoring. Financial details of the deal were undisclosed.
The acquisition will help Eduvanz to guide its student base for the right career. Eduvanz helps students to get funded for education programmes, for which they can repay the loans later.
Founded in 2016 by Atul Sashittal, Raheel Shah and Varun Chopra, Eduvanz is backed by investors like Sequoia Capital and Unitus Ventures. Earlier this year, it had raised $ 5 million from a Series A funding round.
Commenting on the acquisition, Varun Chopra, Chief Executive Officer, Eduvanz, said, “The acquisition of Klarity has helped Eduvanz reach out to a network of passionate industry mentors and more than 300 education institutes powered by mentoring that enabled them to choose the most suitable path in their education and career.”
Klarity.in is an ed-tech startup that helps students crack their Dream Companies. The startup connects post graduate students with mentors to help them decide on specialisation, future course of action and openings in the job market.
Klarity is equipped with a mentor network of more than 200 industry experts from some of the best companies of the world such as Amazon, JP Morgan, Uber who graduated from the top management institutes of the world like the IIMs, Carnegie Mellon and Georgia Tech.
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