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Ed-tech startup Perspectico gets seed funding from Delhi govt-backed incubator

17 November, 2017

Delhi-based education-technology startup Perspectico Learning Pvt. Ltd has raised an undisclosed amount of seed funding from SSCBS Innovation and Incubation Foundation (SIIF).

The startup will use the funds to expand its team and operations across multiple colleges and regions, besides investing on marketing efforts, founder Nikhil Chainani told VCCircle. He didn’t disclose the amount raised.

SIIF is an incubation centre formed under the incubation policy of the Delhi government. Shaheed Sukhdev College of Business Studies (SSCBS) is one of six institutions from Delhi selected to develop an incubation centre with an aim to back entrepreneurs.

Chainani, who earlier worked with investment banking firm Nomura Holdings, started Perspectico in September.

“SIIF brings valuable insights into higher institutions of learning as well as networks which will help Perspectico reach the right stakeholders – both students and academicians,” Chainani said. “Their panel comprises several prominent academicians and this is a big positive for Perspectico. We want to also work with placement cells to bring a practical perspective to classroom lectures.”

The startup provides placement preparation and career growth-focussed training to students. It works with university and college placement cells, coaching institutions, placement agencies and companies.

It brings in working professionals and industry experts from companies such as Nomura, HSBC, Kotak, GenNext Ventures, Deloitte, Xander Private Equity and Unitus Capital to conduct sessions for the students.

The startup also creates short career-related podcasts to train students about interview processes of companies. Perspectico covers four disciplines—finance, consulting, marketing and sales, and entrepreneurship.

The ed-tech sector has emerged as one of the most attractive segments for early-stage investors. At least four companies, including Toppr, One Step Up and Vagupu have raised funding in the past one month alone. The companies operate across various segments such as career counselling, tuition and test preparation.

Leverage Edu, a startup that operates in the same segment as Perspectico, raised an undisclosed amount of seed money from angel investor Alok Mittal, Bain and Company partner Deepak Jain, Innov8 founder Ritesh Malik and California State University professor Jim Schimdktke.

The startup seeks to solve career development challenges, which includes mentoring, access to college applications and job readiness, using artificial intelligence.

A recent report by Google and KPMG said that the Indian ed-tech space was set to grow to $2 billion by 2021.

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Ed-tech startup Perspectico gets seed funding from Delhi govt-backed incubator

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