Online career counselling and education services firm Careers360, which is operated by Pathfinder Publishing India Pvt. Ltd, has roped in industry stalwarts to its newly-formed advisory board.
Paytm CEO Vijay Shekhar Sharma, Matrimony.com founder Murugavel Janakiraman, Ashoka University founder Pramath Raj Sinha and Prism Cement MD Vijay Aggarwal have joined the Delhi-based company’s advisory board.
“It was important for us to have the right mix of visionary entrepreneurs who have also been great students themselves….We hope to leverage their expertise to further our mission of impacting students, careers and lives,” Maheshwer Peri, founder of Careers360, said in a statement.
Founded in 2008 by Peri and Rajesh Jain, Careers360 is an online community and career counselling platform that assists students to take informed decisions through its prediction/recommendation engine. It caters to students looking to pursue education in engineering, management, medicine and law streams. It is now working on bringing colleges that offer other degree courses under its platform and also wants to get into distance learning.
Careers360 counts Ranjan Pai, chief executive and managing director, Manipal Education and Medical Group (MEMG); venture capitalist Mahesh Murthy and Satya Narayanan R, founder of education firm Career Launcher, as its investors.
In January 2016, it sold around 10% stake to education assessment firm MeritTrac for an undisclosed amount.
The company posted revenues of Rs 24 crore in FY2015-16 with an EBITDA (earnings before interest, taxes, depreciation and amortisation) margin of 30%. Nearly 85% of its revenue comes through advertisements and 15% from students.
Most recently, Careers360—which bought Mumbai Angels-backed enrollment management platform NoPaperForms in December 2015—sold the venture to its chief strategy officer Naveen Goyal, for about $3 million.
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