AdmitKard raises $1 mn in pre-Series A from Australian fund, others

AdmitKard raises $1 mn in pre-Series A from Australian fund, others
Photo Credit: Photo Credit: Pixabay
21 Aug, 2019

AdmitKard, the Noida-based admissions startup, has raised $1 million in pre-Series A funding round led by Australia-based edtech fund Growth DNA and other investors.

“We will use this capital to enhance our product, strengthen our AI-driven algorithms and block-chain managed partner contracts. We also plan to rapidly expand our presence across 100+ cities in India through our already thriving partner network,” said Piyush Bhartiya, co-founder, AdmitKard. 

AdmitKard provides a course to career solution for students who want to study abroad, an official statement said. 

The platform connects users to current students studying in universities in other countries, the statement added. The company claims its platform uses digital data and analytics to make the admission process easier for students. 

AdmitKard was founded in 2016 by Bhartiya and Rachit Agrawal. It has partnered with multiple service providers including test preps, student accommodation, education loans, banking and forex.

The startup competes with SchoolApply, CollegeVine, CollegeDekho, College Dunia, Shiksha Abroad and HotCourses Abroad.

Last month, peer-to-peer learning community Brainly raised $30 million in Series C round of funding led by existing investors Naspers Ventures.

Edtech unicorn Byju’s had raised $150 million from middle east and US-based investors last month.

In June, e-learning platform Degreed raised $35 million from existing investors  Owl Ventures, Jump Capital, Signal Peak Ventures and GSV Accelerate along with new investor Alliance Bernstein.