Delhi-based education counselling startup iDream Career has bagged an undisclosed amount in pre-Series A funding from Gray Matters Capital.
The platform will use the infuse funds to strengthen its online platform’s technology and to build automated data-driven career planning tools based on its huge data and content on careers; besides expanding to more private schools in India and the Middle East.
“The funding made by our edLABS initiative is aimed at improving learning outcomes of educational courses by mapping student abilities with courses suitable for them; which in-turn would help in boosting their future employability prospects,” Srinita Mitra, portfolio manager, Gray Matters Capital’s edLABS, said.
iDreamCareer was founded by Ayush Bansal in 2012. It is one of India’s largest unbiased career counselling venture working with 2.5 million students every year. iDC currently works with over 6700+ schools across India & the Middle East.
iDC claims to have been helping more than 2.5 million students annually from Class VIII to XII in schools and also in undergraduate colleges in India every year in choosing the right career.
Ayush Bansal, Founder and CEO, iDreamCareer, said, “Our vision at iDreamCareer is to provide unbiased career guidance to students irrespective of their socio-economic background and we have successfully validated our business model in the past few years. The funding round will help us to further establish high-end technology products in the space of career guidance for millions of students. This round will help us in setting up the growth phase for the company.”
iDC claims to be India’s first multilingual career guidance platform, which is now available in five regional languages.
According to the company, its career counselling programmes are being delivered in 6700+ schools across India and the Middle East. It has also empowered over 684 professionals to become highly skilled career counsellors in 84 Indian districts and six countries through the iDreamCareer certification programme where training is imparted via physical training programmes, online webinars, forums, and a counselling management system.
“Our next long-term plan is to launch an array of ecosystem products, which can add on to our existing products of career guidance. We will be looking to drive a subscription-based B2C product on our mobile app, which is due to launch in September 2019,” adds Bansal.
Besides iDC, other startup, working under the similar motive includes Careers360, Career Futura, Career Launcher, Mindler, and many more.