Hotline: 1800 102 2007
X
Search Business Opportunities
May, 28 2018

VC-backed iNurture acquires student engagement platform KRACKiN

iNurture had recently raised Rs 28 crore (Rs 4.4 million) in a Series C round from Ventureast, Bertelsmann India Investments and Ascent Capital.

Bengaluru-based iNurture Ed-tech startup iNurture Education Solutions Pvt. Ltd has acquired student engagement and employability platform KRACKiN Technologies Pvt. Ltd.

iNurture had recently raised Rs 28 crore (Rs 4.4 million) in a Series C round from Ventureast, Bertelsmann India Investments and Ascent Capital.

iNurture founder Ashwin Ajila said in a statement that while universities and colleges have well-developed metrics to measure the academic performance of students, they do not have similar metrics to measure employability of their students. “We realised a 360-degree engagement and assessment platform will create a greater impact for students, academic and industry partners,” he said.

Kiran GR, co-founder of KRACKiN, said iNurture’s network of universities and international collaborations will help the platform grow its operations.

KRACKiN is an ed-tech startup which founded in 2016 and was part of the NASSCOM 10,000 startup programme. It uses an artificial intelligence-based algorithm to help students quantify their employability, discover skill gaps and plug them through a personalised learning assistant.

For universities and colleges, the company helps with student placements. Its virtual classrooms help companies engage with large groups of pre-selected students from multiple colleges with industry-relevant e-learning resources, projects and contests.

With KRACKiN, iNurture will be able to provide a multi-channel platform for students, academia and the industry to collaborate with each other to boost the employability of students and establish a framework for firms to assess job readiness.

Established in 2007, iNurture offers industry-related courses in association with universities and colleges across India. It has partnerships with more than 30 academic institutions across the country. The company focuses on verticals such as information technology, marketing leadership and innovation, financial services, business analytics, new media and design.

Last year, iNurture had signed a joint venture agreement with Galileo Global Education to offer additional programmes in design and sports management.

The ed-tech segment has seen several acquisitions over the past couple of years. In one of the most significant deals recently, Reliance Industries agreed to acquire a majority stake in ed-tech company Embibe and invest $180 million (Rs 1,175 crore).

Comment
Related opportunities
  • Other Vocational Training
    About: Hi - Tech Animation is a ISO 9001:2008 certified organization..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: “99 Pancakes” is first and India’s fastest growing business..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • After School Activities
    About Us: Brightt kids began its journey from Pune and over..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Trishul Defence Academy is one of the leading defense..
    Locations looking for expansion Uttar pradesh
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 2200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Lucknow Uttar 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