Internshala, a career tech platform for college students, raised an undisclosed amount in the Series A funding round from LC Nueva Investment Partners that raised the investment through their venture capital fund – LC Nueva Alternative Investment Fund (AIF).
Vijay Datt, Founder, Promoter, and CEO of Citadel Management Consulting, also participated in the funding and led the group of seasoned HNI investors, a statement said.
Being a launchpad for college students, Internshala will utilise the funds to achieve its vision of providing college students across India with the best start to their careers. The investment amount will be used to enhance the existing products and launch new services for the skilling and placement of budding professionals.
Sarvesh Agrawal, Founder & CEO of Internshala, said, “Our goal is to become the career super app for college students. Internshala’s internship and training platforms serve the unaddressed market of 45 million college students. The massive gap in the demand and supply of high quality young talent is a problem that large companies and booming start-ups experience alike. We aim to bridge this gap and become a trusted partner that enables companies to build their dream teams. The latest investment will enable us to achieve the same at a much faster pace.”
“Internshala has built trust among the massive network of college students and companies. It has emerged as the most credible brand in the college students’ space. On the one hand, it empowers millions of college students to explore different career options, learn new skills, and connect with the best opportunities. On the other hand, it helps start-ups build their first teams, and companies hire the best college talent. We are excited to partner with Internshala in its journey,” said Sohil Chand, Founding Partner and Chief Investment Officer for LC Nueva AIF.
On behalf of the co-investors group, Vijay Datt, Founder, Promoter, and CEO of Citadel Management Consulting, said, “Internshala has been playing a pivotal role in shaping the careers of young students by offering career skilling and internship opportunities. It has become a powerful brand to reckon with among college students and startups battling for young talent. Internshala is a unique combination of recruitment-tech and ed-tech at scale, permeating the entire journey of a student from their first day in college to their first job. Sarvesh has built an incredible platform poised for leapfrog growth. We are looking forward to this partnership.”
Founded in 2011, Internshala is an internship and training platform helping millions of college students to skill themselves. The platform provides students with access to online training and their first real-world experience through internships & fresher jobs, thus preparing them to launch their careers.
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