Career Power, an ed-tech startup which provides coaching for banking and SSC exams has announced to raise 65 crore in its first round of funding from VCs and strategic partners. It has roped in Ernst and Young for the mandate.
The funding will be used to strengthen its technology infrastructure, enhance its online product portfolio and for brand building exercises. In addition to it, the company also plans to expand their services to Tier-II and Tier-III cities of India and will also launch multilingual learning platforms later.
Commenting upon these expansion plans, Mr. Anil Nagar, Director and co-founder of Career Power said
There is a large pool of untapped students in Tier–II and Tier-III cities which lack the right kind of platform and our focus is to train those students and prepare them to be ready for government employment options. After being the pioneers of the industry for 5 years, we are now actively looking at raising capital to increase our reach and to focus on hiring best talent in the industry.
There are already two bi-lingual platforms bankersadda.com and sscadda.com under the company’s name with average daily hits crossing 2 million by the aspirants. Especially with the probationary exams only a few months away, the company claims that the daily active users on these platforms have crossed 4 lacs mark.
Career Power was started in 2010 and currently has over 65 branches all over India. It plans to have 100 branches by the end of this financial year with its expansion into Tier-II and III cities.