Career tech platform Internshala raises fresh funding in Series A round
- ByStartupStory | May 19, 2022
Internshala, a career tech platform for students, raised an undisclosed sum in the Series A financing round from LC Nueva Investment Partners which raised the investment through their venture capital – LC Nueva Alternative Investment Fund (AIF). Vijay Datt, the Founder, Promoter, and CEO of Citadel Management Consulting, likewise took part in the funding and led the group of prepared HNI investors.
Being a platform dedicated to students, Internshala will use the capital to accomplish its vision of furnishing undergrads across India with the best beginning to their professions. The investment amount will be utilized to upgrade the current items and send off new administrations for the skilling and placement of budding professionals. Founded in 2011, it is an internship provider and training platform, offering students their first real-life experience.
Sarvesh Agrawal, Founder, and CEO of Internshala said that we want to turn it into a career super application for college students. Internshala’s internship and training platform serve the neglected market of 45 million college students. The massive gap in the interest and supply of top-notch young talent is an issue that enormous companies and blasting new businesses experience the same. We expect to overcome this issue and become a believed accomplice that empowers companies to build their teams. This new investment will empower us to accomplish something similar at a much faster pace.
Sohil Chand the Founding Partner and Chief Investment Officer of LC Nueva AIF said that Internshala has constructed trust among the huge network of college students and companies. It has arisen as the most sound brand in the college students’ space. From one perspective, it engages a large number of college students to explore several career options, master new skills, and connect with the best opportunities. Then again, it helps new startups assemble their first team, and companies employ the best college talent. And also said that the company is eager to join forces with Internshala on its excursion.
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