Delhi-based Pathfinder Publishing has raised an undisclosed amount of angel investment from a group of five business angels for its higher education and career counseling portal Careers360.
The round was led by Ranjan Pai of Manipal Group with participation of Satya Narayanan of Career Launcher, Mahesh Murthy of Pinstorm and two other undisclosed financial investors. The startup received initial investment from Netcore founder Rajesh Jain.
Founded in 2008, Pathfinder started by publishing English and Hindi print magazines and counseling guides in 2009 before launching its web portal Careers360 in 2012.
Today Careers360 claims to be India’s largest student community and counselling platform with over 3 million monthly visitors and 500k registered students. The new funding will be used to build an independent career marketplace called MyCareers360.com which aims to help students better evaluate, compare and purchase education products and services allowing them to compare based on price, quality and suitability.
Careers360 targets the audience of 17 to 25-year-olds in India and currently offers admission counselling services, test preparation services and study material for competitive exams in various disciplines like spoken English, engineering, medical, law, pharmacy, commerce, management and hotel management and others.
As for the business model, there are a wide variety of options. Students can either pay per course but have, of course, an option to subscribe to the print magazine. Currently subscriptions on MyCareers360 are for one, three and five years and cost around $9, $25 and $60.
Individual courses, tests and entrance exams are typically priced around $5 to $9. For spoken English training students can also subscribe for packages which last for three or six months and go up to a year.
Marketplaces for online courses are getting more and more popular in India. Snapdeal.com, India’s leading e-commerce site launched an online learning vertical earlier this year, aggregating courses from education providers. WizIQ, an education platform backed by Bertelsmann, is also growing its course offerings in addition to the live webinars offered by instructors from across the world. Avagmah, an online course marketplace for working professionals got recently acquired by Krishnan Ganesh, the founder of Tutorvista and Gradestack, a mobile centered marketplace, raised an undisclosed amount in seed funding from Times Internet Limited.
- Career information portal Careers360 raises angel funding, to launch online education marketplace | VCCircle
- Careers360 raises funds from 5 angel investors to launch a education marketplace | MediaNama
- HEDLINE: TutorVista Founder Krishnan Ganesh acquires Avagmah | EDUKWEST
- HEDLINE: Mobile Learning Platform GradeStack receives Seed Funding | EDUKWEST