Careers360 aims to be 'Amazon of education', raises funds from 5 investors

Education magazine Careers360 has raised funds from five angel investors to expand its counselling services and educational products.

Private equity investor Ranjan Pai of the Manipal Group, Career Launcher’s Satya Narayanan, venture capitalist Mahesh Murthy of Pinstorm, and two financial investors have come together to fund the creation of ‘India’s largest education marketplace’. The investors will also mentor the company as it grows.

The Economic Times reports that the capital infusion is around Rs 6 crore.

“Our objective is to be credible, complete and comprehensive and help students take informed career decisions,” said Maheshwer Peri, founder, Careers360, in a press release. “Over the next couple of years, we are aiming to create India’s largest education market place,” he said.

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_ET_quotes Peri as saying that he wants Careers360 to be an “Amazon for education services.”

“Students in India have come to respect the unbiased editorial of Careers360 - and this has led to its dominance in the school selection space. I’m happy to help the company and brand grow even faster,“Mahesh Murthy said in the press release.

Satya Narayanan added, “Careers360 with its reach and scale across multiple platforms is poised to seize the opportunity in education services marketplace and I am excited to back Mahesh in this endeavor”.

A Livemint report states that India Ratings and Research pegged the Indian education market at Rs 5.9 trillion in 2014-15.