Stoodnt, an education startup which helps students who wants to study abroad, has raised an undisclosed amount of funding from Rajan Anandan, VP of Google for India and Southeast Asia. While the amount raised is undisclosed, some reports suggests that the company has secured around $300,000 in the current round.
Apart from Rajan Anandan, the company has also raised an undisclosed sum from other angel investors and some senior executives in India as well as in the US.
With the money raised in this funding round, the company is now planning to enhance the user experience of its products and to further develop its product. It is also going to spend money in order to expand its user base.
Stoodnt, based in Palo Alto, was founded a few months ago by Ajay Singh and Yuri Punj, along with Sena Palanisami. Ajay and Yuri are Harvard Business School alumni, while Sena is a software entrepreneur.
The platform helps students aspiring to study abroad by connecting them with high-quality college admission counsellors, and providing guidance, insights and online tools. Currently, the platform is offering guidance for undergraduate, graduate and MBA admissions to U.S and Canada. It is planning on adding UK and Australia within coming weeks.
The company has just started operations in India, which is its first step towards international presence. It has also appointed Ramdas Sunder as the Managing Director for India and South Asia, to manage and look after business growth and strategies. It has setup its office is Coimbatore, Tamil Nadu.
Stoodnt claims that it has offered its services to more than 1,000 students so far. As per the company’s website, it has helped students get admitted in institutions such as Harvard, Stanford, Yale and Cornell.
Ajay Singh, co-founder of the company, said,
The college admission market is highly fragmented, low-tech and fraught with fraud, biased advice and quality issues in international markets. The focus of our platform is to provide insights, online help and college admission expert guidance by leveraging data, technology and people. We are delighted to have someone like Rajan be associated with this opportunity to make a difference in the future of millions of aspiring students.
In India, Stoodnt will be competing with other similar startups in this segment, such as Collegedunia, Shiksha.com, Careers360, etc.