Bengaluru-based edtech startup iNurture Education Solutions, a pioneer in enabling career-ready formal higher education in India, has raised $4 million from Kimera Ltd., a Dubai-based family office.
Founded by Ashwin Ajila in 2005, iNurture revolves around university-industry partnership. It collaborates with premium Indian and global universities to develop and deliver industry-relevant undergraduate and postgraduate programs in the fast-growing sectors of the new-age economy.
iNurture currently offers over 50 programs in active collaboration with some of the top universities, institutions and colleges across India in seven plus verticals, including IT, Global Education, Management, Financial Services, and New Media. Some of the popular programs iNurture offers include Data Science, Cloud Technology, Artificial Intelligence, Blockchain, Information Security, Mobile Applications, Design, Business Analytics, Gaming, Animation, Digital Filmmaking, Visual Effects (VFX), Digital Marketing, Brand Management and Communication, Tourism and Hospitality Management, and more.
The platform claims to present in more than 35 campuses across the country, with over 10,000 students enrolled in its full-time undergraduate and postgraduate programs.
Speaking about the company and its future plans, Ashwin Ajila, founder of iNurture, said,
“The COVID crisis presents an enormous opportunity for iNurture to engage with undergraduate and postgraduate students digitally and make them career ready within the confines of their homes. We are making this platform free during these times so that students can avail of the full benefits of the platform. We are also seeing a rising demand globally for our employability solutions and with Kimera’s investment, we will soon be available in the middle-east market as well.”
The company leverages its strong industrial associations to facilitate guest lectures, internships, industrial visits, live projects and placement assistance. Its AI-based platform assesses the employability of a student and provides necessary interventions through on-campus career development programs and placement cells.
In 2018, iNurture has acquired the student-industry engagement platform KRACKiN. The platform provides a full-stack solution to make students employable and more importantly showcase their skills to employers. It claims to have more than 200,000 students on its platform across 200+ colleges in India.
Prior to this funding, iNurture had raised Rs 28 crore in January 2018 in a Series C round led by venture capital firm Ventureast. The company’s other investors include Bertelsmann India Investments, Ascent Capital, BlackSoil Capital Pvt. Ltd, and GVFL Ltd (formerly Gujarat Venture Finance Ltd).