Higher education and career growth platform Leverage Edu has announced the launch of its new business vertical Univalley.
The Univalley platform works directly with universities on specific courses, providing advisory on curriculum development, branding and marketing and evangelisation to find the right set of students for the given course.
The company launched the vertical in June and has signed on over 50 universities and is currently working with 15 universities for various course requirements.
“With this, we are helping universities reach out to the right set of students. We had built an artificial intelligence-driven platform as part of Leverage which helps us allot the right course to the right set of students. This also ensures completion of course and employability,” said Akshay Chaturvedi, founder at Leverage Edu.
He added the vertical will be an additional source of revenue and contributed close to 5% of the company’s turnover in the July-September quarter for FY 2019-20 as the universities pay the platform for advisory and marketing.
“We would like to be an end to end platform for students opting for higher education. We have also started offering student loans in partnership with NBFCs,” Chaturvedi told TechCircle.
Backed by DSG Consumer Partners and Blume Ventures, Leverage Edu has a network of over 1500 mentors on its platform, which helps school and college students as well as working professionals looking to apply for higher education opportunities in the application process and with career guidance.
“The scale and potential of what Univalley can become is very exciting. Right-fitting students across dozens of countries, hundreds of colleges and thousands of programs therein is just a hard problem to solve. Applying technology to this deep market can change how students make the best informed choices for their careers,” said Karthik Reddy, founder at Blume Ventures in a statement.
Univalley’s model is similar to that of Anthos Capital-backed Ontario startup ApplyBoard and Fidelity and Morningside Technology Ventures-backed CollegeVine.
"DSG is excited about their bold move to help universities from around the world build a definitive brand in the South Asian space, making access to the right-fit education even more seamless," said Deepak Shahdadpuri, founder of Singapore-based DSG Group in the statement.
In August, Gray Matter Capital invested in Delhi-based career guidance platform iDreamCareer.