Delhi-based Pathfinder Publishing Pvt Ltd, which operates Careers360, a career information portal for students has received an undisclosed amount of funding from MeritTrac which is subsidiary firm of Manipal Global Education Services (MaGES). According to sources at the company, now the company’s current value is around Rs 300 crore after raising the fresh funds. The firm will use the funds to grow its team as well as strengthen technology, infrastructure and brand over two years.
Speaking on the development, Maheshwari Peri, Founder, Career360 said,
“This funding will ensure that we keep pace with growth and seize opportunities as they come. We wanted an investor who understands the education domain well and adds value in our journey to be the largest education services provider for students and universities.”
Vaitheeswaran, CEO and Managing Director, Manipal Global Education Services said,
“In the digital startup space, there are a few investment opportunities that can claim to be large, credible and profitable as well. Careers360 has the distinction of being a B2C market leader with the fast growth and still profitable. We see this investment as a sweet spot in the assessment and learner services segment”
Careers360, which was started in 2009—with its core team comprising Peri, Naveen Goyal and Mahesh Sarma—has offices in Delhi and eight other cities. It recently acquired EntranceCorner.comto increase its B2C market size and NoPaperForms.com to strengthen its B2B services. In 2014, Careers360 had raised an undisclosed angel funding round.