4 January, 2015, New Delhi: Career360 which is operated by Delhi-based Pathfinder Publishing Pvt. Ltd. has received an undisclosed amount of funding from MeritTrac which is subsidiary firm of Manipal Global Education Services (MaGES).
With the raised funding, now the company’s current value is around Rs 300 crore. Speaking on the development, Maheshwari Peri, Founder, Career360 said, “This funding will ensure that we keep pace with growth and seize opportunities as they come. We wanted an investor who understands the education domain well and adds value in our journey to be the largest education services provider for students and universities.”
He further stated that company’s revenue has grown three times since its inception in 2012. According to the officials, the raised amount will be utilised in equipping its team, enhancing its technology and improving the infrastructure of the company.
“In the digital startup space, there are a few investment opportunities that can claim to be large, credible and profitable as well. Careers360 has the distinction of being a B2C market leader with the fast growth and still profitable. We see this investment as a sweet spot in the assessment and learner services segment,” said Vaitheeswaran, CEO and Managing Director, Manipal Global Education Services.