AdmitKard Raises Rs 10Cr Funding From A Clutch Of EdTech Startup Founders
- ByStartupStory | July 13, 2021
Admitkard, Noida-based EdTech platform that makes accessing higher education abroad easy. The platform has raised Rs 10 crore in pre-Series A funding. To date, the startup has raised a total of Rs 17 crore. Launched in 2017 by IIT-IIM Alumni Piyush Bhartiya and Rachit Agrawal, AdmitKard claims to have served students from 26 states in India through its platform and has also served few students from other countries, including Sri Lanka, Nepal, Afghanistan, Nigeria, and Vietnam. The round is majorly backed by founders of EdTech platforms who participated in their personal capacity, including Vamsi Krishna and Pulkit Jain (Vedantu), Gaurav Munjal, Roman Saini, and Sumit Jain (Unacademy), Mayank Kumar (upGrad), Tanushree Nagori, Aditya Shankar, and Ravi Sekhar (DoubtNut), Akshay Saxena (Avanti). Other prominent investors, including Suhail Sameer and Dhruv Dhanraj Bahl (BharatPe), Vijay Arisetty (MyGate), Pankaj Chaddah (ex-Zomato), Anand Chandrasekaran (ex-Snapdeal, Facebook), Sameer Guglani (Morpheus Gang), BCG Partners, MD of JPMorgan, and others.
Rachit Agrawal, Co-founder, AdmitKard, said on the funding, “During the pandemic, we realised that students were not able to travel abroad due to the closed international borders. Hence, we doubled down our effort on ensuring the students’ experience in our long-drawn funnel gets better. To enable that, we realised the guidance to the students’ needs to be product-driven instead of being dependent on humans. We sought guidance from our mentors from other edtech companies and de-skilled the entire counselling process, solving a major problem of counsellors in this industry.”
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