Total amount raised
$17.7 Million
Latest funding date
02/01/2023
Location
AdmitKard has successfully raised funding over five rounds, with the latest being a Seed round. The platform is backed by 23 investors, including Callapina Capital and GSV Ventures.
Keep reading to explore the intricacies of AdmitKard's fundraising journey and the investors backing this innovative platform.
What Is AdmitKard?
AdmitKard is an EdTech platform based in Noida, Uttar Pradesh, India, that aims to make global education more accessible to students. The company operates in various sectors, including analytics, education, higher education, information technology, and mobile apps.
Founded with the mission to empower students with the right knowledge and support, AdmitKard offers services such as university shortlisting, IELTS preparation, education loans, scholarships, visa assistance, and student accommodation. The platform boasts a significant employee count of 251-500 and is trusted by over 10 lakh students globally.
How Much Funding Has AdmitKard Raised?
- Seed Round
- Amount Raised: $1,000,000
- Date: August 2019
- Lead Investors: Growth DNA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Seed Round
- Amount Raised: INR 100,000,000
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and increase market reach.
- Series Unknown
- Amount Raised: INR 250,000,000
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and improve user experience.
- Series A
- Amount Raised: $6,000,000
- Date: February 2023
- Lead Investors: GSV Ventures
- Valuation at Round: Rs 250 crore
- Motivation Behind the Round: To expand services, hire more staff, and become an end-to-end admission services provider.
- Seed Round
- Amount Raised: $6,000,000
- Date: February 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand market presence.
Total Amount Raised: $14,000,000
Current Valuation: Rs 250 crore
Key Investors
- GSV Ventures
- Details: GSV Ventures is a global edtech investor firm that focuses on investing in education technology companies. They led the Series A funding round for AdmitKard.
- Investment Focus Areas: Education technology (edtech)
- Notable Investments: Not specified
- Kunal Shah
- Details: Kunal Shah is the founder of Cred, a credit card payment platform. He is known for his investments in fintech and consumer technology startups.
- Investment Focus Areas: Fintech, consumer technology
- Notable Investments: Cred
- Varun Alagh
- Details: Varun Alagh is the co-founder of Mamaearth, a direct-to-consumer unicorn. He focuses on consumer goods and direct-to-consumer brands.
- Investment Focus Areas: Consumer goods, direct-to-consumer brands
- Notable Investments: Mamaearth
- Vamsi Krishna and Pulkit Jain
- Details: Vamsi Krishna and Pulkit Jain are the founders of Vedantu, an online tutoring platform. They focus on edtech and online education.
- Investment Focus Areas: Edtech, online education
- Notable Investments: Vedantu
- Gaurav Munjal and Roman Saini
- Details: Gaurav Munjal and Roman Saini are the founders of Unacademy, an online learning platform. They focus on edtech and online learning.
- Investment Focus Areas: Edtech, online learning
- Notable Investments: Unacademy
What's Next for AdmitKard?
AdmitKard is poised for significant growth as it expands its product offerings to include financing education, scholarships, and housing. With plans to reach students in over 250 Indian cities, the company is set to triple its team size, creating a substantial opportunity for market penetration and service diversification.
Given the ambitious expansion plans, AdmitKard may seek additional funding rounds to support its growth. The company’s focus on leveraging AI and machine learning to enhance the student-university matching process positions it well for future fundraising opportunities. However, navigating the challenging macroeconomic climate and ensuring sustainable growth while scaling operations will be critical challenges.
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