Indian edtech startup AdmitKard for college admissions raises $6 million in series A funding round
2023-02-22 12:58:08

AdmitKard, a tech-based course-to-career solution provider to simplify university admissions, announced recently that it has raised Rs 50 crore ($6 million) in Series A funding.

This round was led by global edtech investor firm GSV Ventures, with the participation also from Marquee angels including Cred's Kunal Shah, direct-to-consumer unicorn Mamaearth’s Varun Alagh, along with a few existing angel investors.

Founded in 2016, AdmitKard caters to the study abroad market, helping students to apply for higher education in universities and colleges in US, UK, Canada, Australia, and New Zealand. 

Presently, it has students from over 70 cities in India that apply for admissions through AdmitKard. 

AdmitKard, which is operated by Pineyards Solutions Pvt. Ltd, was co-founded by Bhartiya and Rachit Agrawal in 2016. It offers a tech-based ‘course-to-career’ solution to simplify university admissions. Further, it is also looking to expand the way it acquires students. 

The startup runs on a freemium model, with its primary services being made available to all students. Educational institutions also pay the company a royalty fee for promotion and marketing.

“We are looking at approaching the market in different ways. Students from more than 250 cities are going abroad from India,” the co-founder Piyush Bhartiya said. “We are looking at new go to market strategies, which we will experiment with and look at having deeper reach in these cities.”

AdmitKard currently has about 200 employees. “We'll be looking at doubling the team size over the next 12 to 18 months,” he added.

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