Edtech platform Univariety recently announced it has raised $1.1mn (₹8Cr) from Info Edge. This is reportedly Info Edge’s second investment in the Hyderabad-based company in a span of two years
This primary funding will be used by Univariety for business growth with a focus on product development, scaling up its alumni platform for schools and deeper brand building. The products will be unique and will support the students & parents in making crucial decisions along the career journey.
Commenting on the investment, Hitesh Oberoi, Co-Promoter, MD and CEO, Info Edge said, “India is witnessing a growing need for students to make more informed choices about their future. Univariety has succeeded in making Career Guidance mainstream in K-12 education, by partnering with hundreds of top Schools. The next phase of Career Guidance is about preparing students for the Skills and Careers of the 21st Century, many of which don’t even exist today. Univariety is uniquely positioned to impact how Indian Students face Global competition beyond just College admissions. We believe it is ‘Career Guidance 2.0’.”
Univariety’s approach is one-of-a-kind and ensures that guidance comes from multiple perspectives (psychometric tests, counselors, alumni, and universities). It is the only company in the category to have exclusive partnerships with top brands like UCLA, Fortune India, and many others.
Speaking about the latest fundraise, Mr. Jaideep Gupta, Founder, and CEO, Univariety said, “The fact that Info Edge has invested in us despite the gloomy external environment is invigorating. Univariety is deeply committed to making Career Guidance mainstream in Indian Schools. Our next phase of growth is focused on bringing in parents fully into the mix. Our products & programs will help parents upgrade the definition of Success to beyond just the College Admissions.”
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