![[Funding Alert] Edtech Platform Univariety secures funds to scale up operations image](https://franchiseindia.s3.ap-south-1.amazonaws.com/uploads/news/edu/5e7c5e732db18.jpeg)
Edtech platform Univariety has secured $1.1 million funding from India’s premier online giant Info Edge. This is Info Edge’s second investment in the Hyderabad-based startup in a span of two years.
The fresh capital will be used by the company for business growth with a focus on product development, scaling up its alumni platform for schools and deeper brand building.
Hitesh Oberoi, Co-Promoter, MD and CEO, Info Edge, said, “India is witnessing a growing need for students to make more informed choices about their future. Univariety has succeeded in making Career Guidance mainstream in K-12 education, by partnering with hundreds of top Schools.”
“The next phase of Career Guidance is about preparing students for the Skills and Careers of the 21st Century, many of which don’t even exist today. Univariety is uniquely positioned to impact how Indian Students face Global competition beyond just College admissions. We believe it is ‘Career Guidance 2.0’,” he added.
Jaideep Gupta, Founder and CEO, Univariety, stated, “The fact that Info Edge has invested in us despite the gloomy external environment is invigorating. Univariety is deeply committed to making Career Guidance mainstream in Indian Schools. Our next phase of growth is focused on bringing in parents fully into the mix. Our products & programs will help parents upgrade the definition of Success to beyond just the College Admissions.”
