The financial details of the acquisition have been left undisclosed at the moment. “This acquisition will help Careers360 augment and strengthen its B2B clientele offering and help institutes spend smartly on digital media. We plan to build strong analytics engine on top of the enrolment platform to help institutes judiciously spend money,” said Naveen Goyal, director & chief strategy officer of Careers360.
Founded in 2010 by Vishal Shah, NoPaperForms, is an enrollment management solution provider that helps colleges automate their enrollment process and accept admission applications online, at a fraction of the cost of traditional enterprise applications.
Currently, NoPaperForms manages over 240,000 applications (as per their website) for over 30 clients including business schools and universities. The company now aims to reach about 500 colleges in the next three years.
Speaking on the development, Vishal said, “I see incredible synergies between Careers360’s unparalleled academic reach with over 6 Mn monthly active users and NoPaperForms’ dynamic enrollment platform, which combined could potentially make online admissions the norm in India before the end of this decade.”
Founded in 2008 by Maheshwer Peri and Rajesh Jain, Careers360, is a student community and career counselling platform, which aims to help students take informed decisions. It offers career advices and information on education, jobs and professional options to the youth aged between 17 and 25. In June 2014, Careers360 raised INR 6 Cr. in angel round of funding.
Career360 investors include Ranjan Pai, venture capitalist Mahesh Murthy and education company Career Launcher founder Satya Narayanan R.
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