Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 27 2018

NoPaperForms raises Rs 28 crore in Series B funding from Info Edge

The fresh capital will be used by the company to expand its business development, deploy teams and strengthen its technology infrastructure and product line.

NoPaperForms Solutions Pvt Ltd, which runs an enrolment management platform for educational institutes, has raised Rs 28 crore in a Series B funding round in an all-cash deal from existing investor Info Edge (India) Ltd, valuing the company at Rs 100 crore.

Post this round, Info Edge will increase its stake to 48.1% in NoPaperForms. In November 2017, Info Edge had invested Rs 5.66 crore in an all-cash deal and picked up 27.92% stake in the New Delhi-based startup.

The fresh capital will be used by the company to expand its business development, deploy teams and strengthen its technology infrastructure and product line.

Naveen Goyal, Founder and Chief Executive of NoPaperForms, said, "The latest investment round valued the company at Rs 100 crore ($14.23 million at current rates)."

"Offering programmes like digital marketing and then asking students to apply in a paper application is an anomaly that must go. Educational institutions in the country are at a tipping point with respect to digital transformation," he added.

Comment
Related opportunities
  • Manufacturing & Ancillary
    About:   Wintex is a leading brand in tissue paper products which..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 7000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Diamond & Platinum wears
    About Us: Pure Platinum is a jewellery manufacturing organization of rare..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Pharmacies
    About Us: |Reliable, Experienced, Trusted pharma product provider| The most trusted name..
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Kids/Candy Stores
    JOIN INDIA’S 1st ZERO ROYALTY FRANCHISE MODEL - Khilonewala Toy Library! About..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities