22nd February 2023, Delhi: AdmitKard, a prominent ed-tech company, has secured Rs. 50 Crores in its Series A funding round from GSV Ventures and other investors. The investment will be used to expand the company’s product offerings and accelerate its growth. The funding round was led by GSV Ventures, a venture capital firm that invests in global education technology companies. Along with several well-known angel investors, they have invested in AdmitKard’s growth.
AdmitKard has established itself as a premier platform for students searching for admission to universities and colleges worldwide. By utilizing advanced technology and data science, the company’s platform provides tailored guidance to students, assisting them in finding the ideal university, course, and country to achieve their career objectives. AdmitKard has assisted thousands of students in their admission journeys and has access to over 3000 universities in more than 20 countries.
“Our vision is to empower students to make informed career choices and use education effectively to achieve their goals,” said Rachit Agrawal, Co-Foudner AdmitKard. No one expert can know it all and hence they have built an intelligent match-making layer on top of millions of data points gathered over the years and refreshed frequently. But data itself is insufficient to provide assurance and confidence in a pivotal life decision for which AdmitKard has nurtured a very tight-knit community of Mentors (current international students) who guide these students and their parents by sharing their experiences.
Commenting on the funding round, Piyush Bhartiya, Co-founder of AdmitKard, said, “We are thrilled to have GSV Ventures on board as we continue to build and scale AdmitKard. This funding will allow us to accelerate our growth and invest in our technology and product offerings, enabling us to better serve our students and partners.”
“As the world becomes more connected and global, education is becoming increasingly important, and AdmitKard is at the forefront of helping students navigate this complex landscape. We are excited to support AdmitKard in their mission to make education more accessible and help students achieve their dreams,” said Deborah Quazzo, Managing Partner of GSV Ventures.
Indians are choosing to study abroad for multiple reasons including the opportunity to work and earn abroad, study at top universities in the world, gain global exposure and also seeking migration opportunities. In her reply to Lok Sabha, MoS Dr Bharati Pawar said a total of 7,50,365 students went abroad for higher studies in 2022. Today, these students are served by over 75,000 agents, clustered in larger cities creating challenges of accessibility, trust and end-to-end guidance. “We had been looking for a company that is student-first and is trying to get away from the agent-led model and AdmitKard has created a brilliant community-driven platform,” said Mujtaba Wani, Principal at GSV Ventures.
AdmitKard’s successful funding round will enable the edtech startup to maintain its momentum and solidify its position as a key player in the industry. The funds will be allocated towards expanding their team, investing in innovative technology and product offerings, and expanding their footprint in crucial markets across the globe.