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Edtech platform Univariety raises US$ 1.1 million funding

PTI:  March 23, 2020

Edtech platform Univariety has raised US$ 1.1 million from Info Edge. This is the second investment that Info Edge has led in this Hyderabad-based start-up within two years.

Info Edge is an online classifieds company in recruitment, matrimony, real estate and education with multiple leading sites like Naukri.com, 99acres, and Jeevansaathi.

The funds raised by Univariety will be utilised for business growth with a focus on product development, scaling up its alumni platform for schools and deeper brand building, the company said. It furthere added that the products will be unique and will provide help to the students & parents in making decisions along the career journey.

Mr Hitesh Oberoi, co-promoter, MD and CEO, Info Edge said: “India is witnessing a growing need for students to make more informed choices about their future. Univariety has succeeded in making Career Guidance mainstream in K-12 education, by partnering with hundreds of schools. The next phase of Career Guidance is about preparing students for the skills and careers of the 21st century, many of which don’t even exist today.”

The advisor to this transaction was Loestro Advisors.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.