Career Launcher diversifies business model, eyes pre-IPO funding by 2015 | VCCircle
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Career Launcher diversifies business model, eyes pre-IPO funding by 2015 

BY  Diksha Dutta
One of the first education firms to raise venture funding in India, its original investor Intel Capital exited long ago, but now it has shareholders such as Gaja Capital, Edelweiss, Granite Hill and HDFC.

CL Educate Ltd, formerly known as Career Launcher India Ltd, has diversified its business model beyond test preparation to beat slow growth in its core business while adding new segments to boost its revenue stream. Through a mix of organic growth and acquisitions, it has created a bouquet of new verticals like vocational training, running K-12 schools and starting a publishing business as part of the strategy to achieve scale and be a well-rounded education company, its founder and chairman told VCCircle.

Three years ago, the company generated almost all of its Rs 85-90 crore revenue from the...

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