The online education space is gaining traction and has become a hot niche for investing in India. Career advice portal MeraCareerGuide.com has received an undisclosed amount in angel investment.
The said capital infusion comes from angel investor and Indiagames founder Vishal Gondhal and UTV group chairman and CEO Ronnie Screwvala, Tech Circle reports. The two investors are no strangers to putting their money in the online education space. Ronnie, whose company is Walt Disney’s main partner in India, has recently invested Rs. 17.2 crore (US$ 3.2 million) in Tree House Education & Accessories Ltd. Vishal also has a stake in Examify, an online service that allows students to identify potentially important questions and problems in exams through algorithms and crowdsourcing.
MeraCareerGuide will neither confirm nor deny the reports, though. Founder Surabhi Dewra says he “can’t comment on the development at present,” although the sentiment is that the online education space is gaining traction among investors in the country.
MeraCareerGuide is a career counseling platform that helps walk students through their choice of career paths. Surabhi says that Indian students mostly go through their choices unguided. With the web service, students can consult with industry experts and career counsellors. This helps give them a clearer vision of their future studies, with the goal of mapping out a more appropriate career path.
The site also offers psychometric analysis tools that can help students better assess their aptitude, personality, interests and motivators, all of which contribute to finding a good fit in terms of career or work expectations.
Online services have certainly helped improve access to experts and information, and this investment is indicative that both the education system and the labor market can greatly benefit from startups that cater to the education space.
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