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
image
Related opportunities
  • Quick Service Restaurants
    Kathi Junction – brings the golden opportunity to start your..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater NEW DELHI New Delhi
  • Water treatment & purification services
    About Us: do it rite ways! Internally, we keep telling ourselves to..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Juices / Smoothies / Dairy parlors
    About Us: At Lassi Corner, we strive to help people transform..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
Insta-Subscribe to
Entrepreneur
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