New Delhi based MeetUniv has raised $1Mn from US-based Peesh Venture Capital.
With the number of players and competition market in India’s Edtech Sector, the company will try to expand its reach and might venture into other branches within the industry as well.
The education sector has witnessed number of fundings and acquisitions in the past. Last Week, Plancess raised $2 Mn funds from Aarti Group’s Promoters Gogri Family and earlier this month Toppr raised about $10 Mn in the second round of funding led by Fidelity and its existing investors.
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MeetUniv helps students who are looking to pursue higher education abroad. in searching colleges and information about them It enlists information about undergraduate as well as postgraduate courses. The platform also provides personalized guidance and direct engagement with universities to its users.
Peesh Venture Capital usually invests on on early stage entrepreneurs with innovative ideas.
It has set up a $50Mn fund which focuses in sectors like Ad Tech, Ecommerce, Education, Mobile Apps and Internet of Things(IoT). It also entered into a partnership with IIIT-Bangalore to accelerate and fund India’s Internet of Things & Mobile App startups.
PVC typically invests from $100k-$5Mn from its fund in exchange for equity in growth stage companies that fit PVC’s investment criterion whereas PVC Accelerators invest $5k-$100K in exchange for equity in startup companies.
The education space has received over $15 Mn in investments over the last month alone. The industry is valued at $8 Bn in India and the Global Market is set to reach $169 Bn by 2018. According to industry estimates, by 2020, India will have the world’s largest tertiary-age population and second largest graduate talent pipeline.