Univariety raises 1.1 mn Dollars for expansion

Hyderabad: Univariety, an edtech platform, announced on Friday that it has raised $1.1 million (Rs 8 crore) from India's premier online giant Info Edge. In a span of two years, this is the second investment that Info Edge has led in the Hyderabad-based startup Univariety.

Info Edge is India's premier online classifieds company in recruitment, matrimony, real estate and education with multiple leading sites like Naukri.com, 99acres, Jeevansaathi. This primary funding will be used by the startup for business growth with a focus on product development.

Hitesh Oberoi, co-promoter, MD and CEO, Info Edge said: "India is witnessing a growing need for students to make more informed choices about their future. Univariety has succeeded in making career guidance mainstream in K-12 education, by partnering with hundreds of top schools.

The next phase of career guidance is about preparing students for the skills and careers of the 21st century, many of which don't even exist today. Univariety is uniquely positioned to impact how Indian students face global competition beyond just college admissions. we believe it is career guidance".