The Mumbai-based private equity investment firm, Matrix Partners India has invested an undisclosed amount in visit based experiential learning programs platform Purple Squirrel Eduventures.
The platform connects students with industry partners for field visits, workshops and hands on practical experiences.
The fresh funding will be utilised towards product and operation expansions. This is the second round of funding for the startup. Earlier in last year, the company had raised an undisclosed sum from Mumbai-based venture capital investor India Quotient.
Speaking on the development, Aditya Gandhi, Co-Founder, Purple Squirrel Eduventures said, “Our programs are fast gaining acceptance across major universities as an aid to classroom education to produce industry-ready graduates. This fund will majorly be used towards product and operation expansions.”
Founded in 2013 by Aditya Gandhi and Sahiba Dhandhania, Purple Squirrel Eduventures is an IIT Bombay incubated startup promoting industry academia interaction to improve career awareness and enable informed decision making.
Purple Squirrel creates programs for colleges, wherein students are allowed to visit and interact with both entrepreneurial and big player companies representing their spread of career diversity. These visits are specifically tailored keeping in mind student profiles and industry expectations.